The tax system in Poland is considered intricate, which is why individuals and companies often inquire about ways of tax refund .
Reimbursement of paid taxes in Poland are possible for both private persons and companies . The main reason for applying for reimbursement is overpayment of taxes , arising in different situations. tax return in poland Under what conditions is a tax refund possible?
There are a few cases where a resident can claim reimbursement of taxes:
Excessive tax payment : Often , taxpayers pay more taxes due to errors in their declarations .
Deductions and allowances : Particular discounts can reduce the tax burden , which in turn creates the conditions for reimbursement .
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 .
VAT Refund Process
Organizations recognized for in the VAT system may receive a VAT refund on certain expenses . To obtain a refund, a company must fulfill the following conditions :
Timely filing of declarations : The VAT declaration must be submitted monthly within 25 days the end of the month .
Using the online platform : Reports are submitted through the internet through the website of the Polish tax authority (KAS).
VAT Refund Application: A firm is entitled to claim a VAT refund in its monthly declaration . The tax authority will compensate the refund amount.
Time for VAT Reimbursement
The time for VAT refunds may vary a number of factors :
If the refund is requested to the organization’s tax account, the refund is issued within 25 days.
Refunds to the company’s bank account are made within 60 calendar days if the company declared revenue in that reporting period .
In the absence of sales , the compensation is refunded within six months .
CIT Refund
Firms registered in Poland are mandated to remit corporate income tax (CIT). The process of corporate tax refund involves these stages :
Timely presentation of the report: The corporate income tax declaration (CIT) must be provided by March 31 of the year in the year following the reporting year .
Electronic submission of the declaration: The tax form is sent through the tax office portal .
Requesting a tax refund : The company applies for a refund of overpaid tax through the CIT declaration .
If the request for a refund is meets the conditions, the tax authority will issue the refund within the established timeframes .
Support from Tax Consultants
Given the complexity of the tax system in Poland, many companies and individuals use the support of tax consultants .
Tax specialists can assist taxpayers optimize their refunds and minimize their tax burden .
The company specializing in tax matters, assists with all issues related to tax reporting and defends the interests of clients before the tax administration of Poland. If you have any want to consult, feel free to reach out at:
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