Redaktor The taxation system in Poland is regarded as multifaceted , due to which taxpayers seek understanding of the possibilities of tax reimbursement .
Reimbursement of paid taxes in Poland are can be obtained for both individuals and legal entities . The primary reason for seeking a refund is overpayment of taxes , that happens in different situations. corporate income tax refund When is a tax refund possible?
There are a few cases where a resident can claim reimbursement of taxes:
Excessive tax payment : Often , taxpayers excessively pay taxes due to errors in their declarations .
Favorable tax conditions: Certain allowances can reduce the tax burden , which in turn provides grounds for a tax refund .
Change in status: If the financial situation of a taxpayer changes during the year, this can adjust the amount of taxation, resulting in the possibility of a adjustment.
VAT Refund Process
Organizations recognized for VAT may claim reimbursement of VAT on certain expenses . To apply for a refund, it is necessary to adhere to the following rules:
Maintaining up-to-date reporting: VAT return must be filed on a monthly basis within 25 days after the end of the accounting period.
Filing online : Declarations are filed online through the website of the Polish tax office (KAS).
VAT Refund Application: A company can claim a VAT refund through its monthly reporting . The tax authority will reimburse the refund amount.
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.
Reimbursement to a bank account are made within two months if there was declared revenue in that reporting period .
If there was no revenue, the compensation is made within half a year.
CIT Refund
Polish legal entities are required to remit 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 the end of March of the year following the reporting period .
Electronic submission of the declaration: The CIT declaration is sent through the KAS platform.
Filing for reimbursement : The company applies for a refund of overpaid tax through the form.
If the application for a refund is meets the conditions, the tax office will return the money within the established timeframes .
Consulting with Tax Specialists
Acknowledging the intricacies of the tax regime in Poland, numerous organizations and citizens turn to help of tax experts .
Tax experts can support companies and individuals increase their refunds and reduce their tax liabilities .
Our company, providing tax services , provides help with all issues related to tax reporting and acts on behalf of clients before the tax office of Poland. If you have any need further clarification , please contact us at:
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