The taxation system in Poland is considered multifaceted , due to which taxpayers often inquire about methods of tax overpayment adjustment.
Adjustment of overpaid taxes in Poland are possible for both private persons and legal entities . The primary reason for requesting a refund is paying more than necessary, arising for various reasons . tax return in poland When is a tax refund possible?
There are a number of circumstances where a taxpayer may be entitled to a refund of taxes:
Overpayment of taxes : Frequently , taxpayers overpay taxes due to errors in their tax documents.
Deductions and allowances : Particular deductions can reduce the tax burden , which in turn provides grounds for reimbursement .
Change in status: If the tax status of a taxpayer changes during the year, this can affect their tax burden , resulting in the possibility of a refund of overpaid taxes .
VAT Refund Process
Companies recognized for VAT purposes may claim compensation for VAT on certain expenses . To apply for a refund, a company must comply with the following procedures :
Timely filing of declarations : The VAT declaration must be provided monthly within 25 days the end of the accounting period.
Filing online : Tax documents are submitted through the internet through the website of the Polish tax office (KAS).
VAT Refund Request : A firm is entitled to request a VAT refund via its monthly VAT return. The tax authority will compensate the difference between input and output VAT .
Time for VAT Reimbursement
The time for VAT refunds may vary a number of factors :
If the refund is applied for to the company’s tax account , the money is reimbursed within 25 days .
Compensation to a bank account occur within 60 calendar days if there was declared revenue in that reporting period .
If no sales were declared , the compensation is refunded within half a year.
Corporate Tax Reimbursement
Companies registered in Poland are obligated to pay corporate income tax (CIT). The procedure for CIT refund involves the following steps :
Timely submission of tax reports : The corporate income tax declaration (CIT) must be provided by March 31 of the year following the reporting period .
Filing online : The tax form is filed through the tax office portal .
Applying for a refund: The organization files for a refund of tax overpayment through the form.
If the application for a refund is considered correct , the tax authority will issue the refund within the set period.
Support from Tax Consultants
Acknowledging the intricacies of the tax system in Poland, many companies and individuals turn to help of tax consultants .
Tax consultants can assist individuals and legal entities optimize their refunds and minimize their tax burden .
Our company, providing tax services , assists with various aspects related to tax procedures and defends the interests of clients before the tax authorities of Poland. If you have any need further clarification , feel free to reach out at:
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