The taxation system in Poland is regarded as intricate, thus taxpayers seek understanding of methods of tax overpayment adjustment.
Reimbursement of paid taxes in Poland are possible for both individuals and organizations. The key reason for requesting a refund is paying more than necessary, that happens in different situations. corporate income tax refund In what cases is a tax refund possible?
There are several situations where a taxpayer can claim reimbursement of taxes:
Excessive tax payment : Frequently , taxpayers pay more taxes as a result of incorrect calculations in their declarations .
Deductions and allowances : Particular discounts can lower the taxable base , which in turn provides grounds for a tax refund .
Change in status: If the income of a taxpayer changes during the year, this can alter the amount of taxation, resulting in the possibility of a reimbursement .
VAT Refund Process
Companies registered for VAT may request compensation for VAT on specific costs . To request a refund, it is necessary to comply with the following procedures :
Timely submission of reports : VAT return must be provided every month within 25 days after the end of the reporting period .
Using the online platform : Reports are filed online via the portal of the Polish tax office (KAS).
VAT Refund Application: A firm is entitled to claim a VAT refund via its monthly VAT return. The tax authority will reimburse the difference between input and output VAT .
How quickly is VAT refunded?
The time it takes to refund VAT may vary a number of factors :
If the refund is applied for to a tax account , the refund is issued within 25 days.
Refunds to the company’s bank account are made within 60 calendar days if sales were declared in that month .
In the absence of sales , the compensation is refunded within half a year.
Corporate Income Tax Refund
Polish legal entities are mandated to contribute corporate income tax (CIT). The corporate tax reimbursement process 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 report is filed through the KAS platform.
Requesting a tax refund : The company applies for a refund of excess tax paid through the report .
If the declaration for a refund is deemed valid , the tax authority will return the money within the agreed timeframe .
Consulting with Tax Specialists
Given the complexity of the tax regime in Poland, many residents and firms use the support of tax consultants .
Tax experts can help taxpayers optimize their refunds and lower their tax obligations.
Our company, providing tax services , provides help with any matters related to taxation and defends the interests of clients before the tax administration of Poland. If you have any questions , please contact us at:
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