The taxation system in Poland is regarded as multifaceted , which is why individuals and companies seek understanding of methods of tax refund .
Tax refunds in Poland are available for both private persons and companies . The primary reason for applying for reimbursement is paying more than necessary, which can occur in different situations. corporate income tax refund Under what conditions is a tax refund possible?
There are several situations where a taxpayer may be entitled to compensation of taxes:
Excessive tax payment : Frequently , taxpayers pay more taxes as a result of incorrect calculations in their tax documents.
Favorable tax conditions: Certain discounts can lower the taxable base , which in turn creates the conditions for adjustment.
Change in financial situation : If the income of a taxpayer fluctuates during the year, this can affect the amount of taxation, resulting in the possibility of a adjustment.
Reimbursement of Value Added Tax
Organizations registered for VAT may claim reimbursement of VAT on specific costs . To apply for a refund, a company must adhere to the following rules:
Timely filing of declarations : VAT report must be submitted on a monthly basis within 25 days the end of the accounting period.
Submitting reports electronically: Reports are submitted through the internet through the website of the Polish tax authority (KAS).
VAT Refund Procedure : A firm is entitled to request a VAT refund in its monthly declaration . The tax authority will reimburse the difference between input and output VAT .
VAT Refund Timeframes
The time for VAT refunds depend on various circumstances:
If the application is made to the organization’s tax account, the money is reimbursed within 25 calendar days .
Compensation to a bank account occur within 60 calendar days if there was declared revenue in that declaration period.
If no sales were declared , the compensation is issued within half a year.
CIT Refund
Companies registered in Poland are obligated to pay corporate income tax (CIT). The corporate tax reimbursement process involves these stages :
Timely submission of tax reports : The corporate income tax declaration (CIT) must be submitted by the end of March of the year of the next calendar year.
Filing online : The report is filed through the KAS website .
Filing for reimbursement : The organization files for a refund of tax overpayment through the CIT declaration .
If the application for a refund is considered correct , the tax authority will issue the refund within the set period.
Advice from Tax Experts
Acknowledging the intricacies of the tax regime in Poland, many residents and firms seek assistance of tax consultants .
Tax experts can help taxpayers maximize their refunds and lower their tax obligations.
Our firm , offers support with any matters related to taxation and represents the interests of clients before the tax administration of Poland. If you have any need further clarification , please contact us at:
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