The taxation system in Poland is known to be intricate, due to which residents often inquire about ways of tax reimbursement .
Reimbursement of paid taxes in Poland are available for both private persons and companies . The primary reason for seeking a refund is paying more than necessary, that happens in different situations. VAT tax return When is a tax refund possible?
There are several situations where an individual can claim a refund of taxes:
Excessive taxation: Frequently , taxpayers overpay taxes because of mistakes in their declarations .
Tax deductions and discounts : Particular deductions can lower the amount of tax liability, which in turn creates the conditions for a tax refund .
Change in status: If the financial situation of a taxpayer varies during the year, this can alter their tax burden , resulting in the possibility of a refund of overpaid taxes .
VAT Refund
Companies registered for VAT purposes may request reimbursement of 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 provided on a monthly basis within 25 calendar days the end of the accounting period.
Submitting reports electronically: Declarations are filed online via the portal of the Polish tax office (KAS).
VAT Refund Procedure : A company can file for a VAT refund in its monthly declaration . The tax authority will refund the refund amount.
How quickly is VAT refunded?
The time it takes to refund VAT may vary certain conditions :
If the refund is requested to the organization’s tax account, the funds are returned within 25 days.
Reimbursement to a bank account are made within two months if there was declared revenue in that declaration period.
If no sales were declared , the compensation is made within six months .
CIT Refund
Companies registered in Poland are mandated to contribute corporate income tax (CIT). The procedure for CIT refund involves certain steps:
Timely presentation of the report: The corporate income tax declaration (CIT) must be submitted by March 31 of the year following the reporting period .
Using the online platform : The report is sent through the KAS platform.
Applying for a refund: The firm submits for a refund of excess tax paid through the form.
If the application for a refund is considered correct , the tax office will issue the refund within the set period.
Advice from Tax Experts
Acknowledging the intricacies of the tax system in Poland, many companies and individuals seek assistance of tax consultants .
Tax specialists can help taxpayers increase their refunds and reduce their tax liabilities .
The company specializing in tax matters, offers support with any matters related to taxation and acts on behalf of clients before the tax administration of Poland. If you have any questions , write to us at:
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