The taxation system in Poland is regarded as complex , thus taxpayers often inquire about the possibilities of tax overpayment adjustment.
Reimbursement of paid taxes in Poland are possible for both individuals and organizations. The main reason for seeking a refund is excessive payment , arising in different situations. corporate income tax return Under what conditions is a tax refund possible?
There are a number of circumstances where a taxpayer can claim reimbursement of taxes:
Excessive tax payment : Often , taxpayers excessively pay taxes due to errors in their declarations .
Tax deductions and discounts : Particular deductions can reduce the taxable base , which in turn creates the conditions for reimbursement .
Change in financial situation : If the tax status of a taxpayer changes during the year, this can alter the amount of taxation, resulting in the possibility of a adjustment.
Reimbursement of Value Added Tax
Organizations registered for in the VAT system may request compensation for VAT on specific costs . To request a refund, a company must comply with the following procedures :
Timely submission of reports : The VAT declaration must be filed monthly within 25 calendar days the end of the month .
Submitting reports electronically: Declarations are filed online via the portal of the Polish tax office (KAS).
VAT Refund Application: An organization may claim a VAT refund through its monthly reporting . The tax authority will compensate the difference between input and output VAT .
How quickly is VAT refunded?
The time it takes to refund VAT may vary a number of factors :
If the application is made to the organization’s tax account, the money is reimbursed within 25 days.
Refunds to the company’s bank account are made within 60 days if sales were declared in that month .
In the absence of sales , the compensation is refunded within half a year.
Corporate Tax Reimbursement
Polish legal entities are required to remit corporate income tax (CIT). The process of corporate tax refund involves these stages :
Timely presentation of the report: The corporate income tax declaration (CIT) must be filed by the 31st of March of the year in the year following the reporting year .
Filing online : The tax form is submitted via the tax office portal .
Requesting a tax refund : The company applies for a refund of tax overpayment through the form.
If the application for a refund is deemed valid , the KAS will issue the refund within the agreed timeframe .
Consulting with Tax Specialists
Given the complexity of the tax system in Poland, many residents and firms use the support of tax consultants .
Tax consultants can support taxpayers maximize their refunds and minimize their tax burden .
The company specializing in tax matters, offers support with all issues related to tax reporting and represents the interests of clients before the tax office of Poland. If you have any need further clarification , please contact us at:
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