The taxation system in Poland is considered complex , due to which individuals and companies seek understanding of the possibilities of tax overpayment adjustment.
Adjustment of overpaid taxes in Poland are possible for both citizens and legal entities . The main reason for applying for reimbursement is paying more than necessary, arising in different situations. tax refund in Poland In what cases is a tax refund possible?
There are several situations where an individual can claim compensation of taxes:
Excessive tax payment : Often , taxpayers excessively pay taxes due to errors in their declarations .
Deductions and allowances : Certain allowances can reduce the amount of tax liability, which in turn makes it possible to reimbursement .
Change in circumstances : If the tax status of a taxpayer changes during the year, this can alter their tax liability , resulting in the possibility of a reimbursement .
Reimbursement of Value Added Tax
Firms recognized for in the VAT system may receive a VAT refund on specific costs . To obtain a refund, a company must fulfill the following conditions :
Timely filing of declarations : The VAT declaration must be filed monthly within 25 days the end of the month .
Using the online platform : Reports are filed online through the website of the Polish tax authority (KAS).
VAT Refund Procedure : An organization may request a VAT refund through its monthly reporting . The tax authority will compensate the refund amount.
Time for VAT Reimbursement
The time it takes to refund VAT change depending on certain conditions :
If the refund is applied for to the organization’s tax account, the funds are returned within 25 days .
Compensation to a bank account are made within 60 days if there was declared revenue in that month .
If no sales were declared , the refund is refunded within 180 days .
CIT Refund
Companies registered in Poland are required to remit corporate income tax (CIT). The process of corporate tax refund involves certain steps:
Timely filing of the tax declaration : The corporate income tax declaration (CIT) must be filed by March 31 of the year following the reporting period .
Using the online platform : The tax form is filed through the KAS platform.
Filing for reimbursement : The firm submits for a refund of tax overpayment through the CIT declaration .
If the request for a refund is considered correct , the tax authority will issue the refund within the established timeframes .
Advice from Tax Experts
Given the complexity of the tax regime in Poland, numerous organizations and citizens turn to help of tax experts .
Tax consultants can help taxpayers optimize their refunds and minimize their tax burden .
Our company, providing tax services , assists with any matters related to tax reporting and represents the interests of clients before the tax administration of Poland. If you have any questions , feel free to reach out at:
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