The tax system in Poland is regarded as multifaceted , due to which taxpayers seek understanding of ways of tax refund .
Tax refunds in Poland are possible for both individuals and companies . The main reason for applying for reimbursement is overpayment of taxes , that happens in different situations. VAT tax return In what cases is a tax refund possible?
There are a number of circumstances where a resident has the right to compensation of taxes:
Excessive taxation: Often , taxpayers pay more taxes as a result of incorrect calculations in their declarations .
Favorable tax conditions: Certain discounts can lower the amount of tax liability, which in turn provides grounds for adjustment.
Change in status: If the tax status of a taxpayer varies during the year, this can adjust the amount of taxation, resulting in the possibility of a reimbursement .
Reimbursement of Value Added Tax
Companies listed for VAT may request reimbursement of VAT on business-related expenditures. To apply for a refund, it is necessary to adhere to the following rules:
Timely submission of reports : The VAT declaration must be provided on a monthly basis within 25 days the end of the month .
Filing online : Reports are submitted through the internet via the portal of the Polish tax office (KAS).
VAT Refund Application: A company can claim a VAT refund in its monthly declaration . The tax authority will compensate the difference between input and output VAT .
Time for VAT Reimbursement
VAT reimbursement timeframes may vary various circumstances:
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 two months if sales were declared in that declaration period.
If no sales were declared , the refund is issued within half a year.
Corporate Income Tax Refund
Companies registered in Poland are required to pay corporate income tax (CIT). The procedure for CIT refund involves these stages :
Timely submission of tax reports : The corporate income tax declaration (CIT) must be provided by the end of March of the year of the next calendar year.
Electronic submission of the declaration: The report is submitted via the KAS platform.
Filing for reimbursement : The company applies for a refund of overpaid tax through the report .
If the application for a refund is considered correct , the tax authority will provide compensation within the established timeframes .
Support from Tax Consultants
Acknowledging the intricacies of the tax system in Poland, numerous organizations and citizens seek assistance of tax consultants .
Tax consultants can help taxpayers increase their refunds and minimize their tax burden .
Our company, providing tax services , offers support with any matters related to tax procedures and acts on behalf of clients before the tax administration of Poland. If you have any questions , feel free to reach out at:
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