The tax system in Poland is known to be complex , due to which residents are interested in methods of tax overpayment adjustment.
Tax refunds in Poland are can be obtained for both citizens and organizations. The main reason for requesting a refund is excessive payment , arising in different situations. tax return in poland Under what conditions is a tax refund possible?
There are several situations where a taxpayer has the right to a refund of taxes:
Excessive taxation: In many cases, taxpayers pay more taxes because of mistakes in their declarations .
Deductions and allowances : Certain deductions can lower the tax burden , which in turn provides grounds for adjustment.
Change in financial situation : If the financial situation of a taxpayer varies during the year, this can affect their tax burden , resulting in the possibility of a adjustment.
Reimbursement of Value Added Tax
Companies registered for in the VAT system may receive reimbursement of VAT on certain expenses . To request a refund, it is necessary to comply with the following procedures :
Maintaining up-to-date reporting: VAT return must be filed every month within 25 calendar days the end of the month .
Using the online platform : Reports are submitted through the internet on the website of the Polish tax administration (KAS).
VAT Refund Procedure : A company can file for a VAT refund in its monthly declaration . The tax authority will refund the difference between input and output VAT .
How quickly is VAT refunded?
The time for VAT refunds depend on a number of factors :
If the refund is requested to the company’s tax account , the funds are returned within 25 days .
Compensation to a bank account occur within 60 calendar days if sales were declared in that month .
If no sales were declared , the compensation is refunded within half a year.
Corporate Income Tax Refund
Firms registered in Poland are obligated to pay corporate income tax (CIT). The corporate tax reimbursement process involves certain steps:
Timely filing of the tax declaration : The corporate income tax declaration (CIT) must be filed by the 31st of March of the year following the reporting period .
Using the online platform : The CIT declaration is sent through the tax office portal .
Applying for a refund: The organization files for a refund of excess tax paid through the report .
If the request for a refund is meets the conditions, the KAS will provide compensation within the established timeframes .
Consulting with Tax Specialists
Understanding the complexity of the tax system in Poland, many companies and individuals turn to help of tax consultants .
Tax consultants can help individuals and legal entities maximize their refunds and minimize their tax burden .
Our firm , provides help with various aspects related to taxation and acts on behalf of clients before the tax authorities of Poland. If you have any need further clarification , write to us at:
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