The tax regime in Poland is considered complex , thus taxpayers often inquire about methods of tax overpayment adjustment.
Adjustment of overpaid taxes in Poland are possible for both individuals and organizations. The key reason for seeking a refund is paying more than necessary, that happens for various reasons . corporate income tax return In what cases is a tax refund possible?
There are a few cases where a resident has the right to reimbursement of taxes:
Overpayment of taxes : Frequently , taxpayers overpay taxes as a result of incorrect calculations in their declarations .
Deductions and allowances : Specific discounts can lower the tax burden , which in turn makes it possible to a tax refund .
Change in financial situation : If the financial situation of a taxpayer changes during the year, this can affect their tax burden , resulting in the possibility of a refund of overpaid taxes .
VAT Refund
Companies registered for in the VAT system may receive reimbursement of VAT on business-related expenditures. To apply for a refund, a company must comply with the following procedures :
Timely submission of reports : The VAT declaration must be submitted every month within 25 days the end of the accounting period.
Using the online platform : Tax documents are submitted through the internet via the portal of the Polish tax office (KAS).
VAT Refund Request : An organization may request a VAT refund through its monthly reporting . The tax authority will reimburse the overpaid VAT .
Time for VAT Reimbursement
The time for VAT refunds depend on a number of factors :
If the refund is applied for to the company’s tax account , the refund is issued within 25 days .
Refunds to the company’s bank account are paid out within two months if there was declared revenue in that month .
In the absence of sales , the compensation is refunded within half a year.
Corporate Income Tax Refund
Firms registered in Poland are required to remit corporate income tax (CIT). The procedure for CIT refund involves these stages :
Timely filing of the tax declaration : The corporate income tax declaration (CIT) must be submitted by the 31st of March of the year of the next calendar year.
Electronic submission of the declaration: The CIT declaration is filed through the KAS platform.
Applying for a refund: The company applies for a refund of tax overpayment through the CIT declaration .
If the request for a refund is meets the conditions, the KAS will issue the refund within the agreed timeframe .
Support from Tax Consultants
Given the complexity of the tax regime in Poland, numerous organizations and citizens use the support of professional advisors.
Tax consultants can help individuals and legal entities optimize their refunds and minimize their tax burden .
Our company, providing tax services , offers support with any matters related to taxation and represents the interests of clients before the tax authorities of Poland. If you have any need further clarification , write to us at:
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