The tax system in Poland is considered complex , due to which residents seek understanding of methods of tax refund .
Tax refunds in Poland are possible for both private persons and organizations. The primary reason for requesting a refund is excessive payment , that happens in different situations. corporate income tax return In what cases is a tax refund possible?
There are a number of circumstances where an individual can claim a refund of taxes:
Excessive tax payment : Frequently , taxpayers overpay taxes as a result of incorrect calculations in their tax documents.
Favorable tax conditions: Certain deductions can lead to the tax burden , which in turn provides grounds for reimbursement .
Change in status: If the financial situation of a taxpayer changes during the year, this can alter their tax burden , resulting in the possibility of a refund of overpaid taxes .
VAT Refund Process
Organizations listed for VAT may request a VAT refund on certain expenses . To request a refund, it is necessary to adhere to the following rules:
Maintaining up-to-date reporting: The VAT declaration must be submitted every month within 25 days after the end of the month .
Filing online : Reports are sent via the web on the website of the Polish tax authority (KAS).
VAT Refund Request : An organization may file for a VAT refund in its monthly declaration . The tax authority will compensate the overpaid VAT .
Time for VAT Reimbursement
VAT reimbursement timeframes may vary a number of factors :
If the application is made to the company’s tax account , the refund is issued within 25 days.
Compensation to a bank account occur within 60 days if the company declared revenue in that declaration period.
If there was no revenue, the reimbursement is made within six months .
CIT Refund
Firms registered in Poland are required to pay corporate income tax (CIT). The process of corporate tax refund involves certain steps:
Timely presentation of the report: The corporate income tax declaration (CIT) must be provided by the 31st of March of the year in the year following the reporting year .
Electronic submission of the declaration: The CIT declaration is submitted via the KAS platform.
Applying for a refund: The company applies for a refund of overpaid tax through the CIT declaration .
If the application for a refund is meets the conditions, the tax authority will provide compensation within the agreed timeframe .
Advice from Tax Experts
Given the complexity of the tax regime in Poland, many companies and individuals use the support of tax experts .
Tax specialists can assist companies and individuals maximize their refunds and reduce their tax liabilities .
Our company, providing tax services , provides help with various aspects related to tax reporting and defends the interests of clients before the tax authorities of Poland. If you have any need further clarification , write to us at:
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