The taxation system in Poland is known to be complex , which is why taxpayers are interested in ways of tax overpayment adjustment.
Adjustment of overpaid taxes in Poland are available for both citizens and companies . The main reason for applying for reimbursement is paying more than necessary, that happens for various reasons . VAT tax return Under what conditions is a tax refund possible?
There are several situations where a taxpayer can claim reimbursement of taxes:
Excessive tax payment : Often , taxpayers pay more taxes because of mistakes in their reports .
Favorable tax conditions: Certain allowances can reduce the taxable base , which in turn provides grounds for adjustment.
Change in financial situation : If the tax status of a taxpayer fluctuates during the year, this can adjust the amount of taxation, resulting in the possibility of a reimbursement .
VAT Refund
Firms recognized for VAT may receive a VAT refund on specific costs . To apply for a refund, a company must adhere to the following rules:
Maintaining up-to-date reporting: The VAT declaration must be provided monthly within 25 days after the end of the accounting period.
Filing online : Declarations are submitted through the internet through the website of the Polish tax administration (KAS).
VAT Refund Procedure : An organization may request a VAT refund in its monthly declaration . The tax authority will compensate the refund amount.
How quickly is VAT refunded?
The time for VAT refunds change depending on certain conditions :
If the refund is requested to a tax account , the funds are returned within 25 days .
Reimbursement to a bank account are paid out within 60 days if the company declared revenue in that declaration period.
If there was no revenue, the compensation is issued within 180 days .
Corporate Tax Reimbursement
Firms registered in Poland are required to contribute corporate income tax (CIT). The process of corporate tax refund involves the following steps :
Timely submission of tax reports : The corporate income tax declaration (CIT) must be filed by March 31 of the year of the next calendar year.
Filing online : The report is filed through the KAS platform.
Applying for a refund: The company applies for a refund of excess tax paid through the CIT declaration .
If the request for a refund is deemed valid , the tax office will provide compensation 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 professional advisors.
Tax experts can support taxpayers optimize their refunds and minimize their tax burden .
Our firm , assists with all issues related to taxation and defends the interests of clients before the tax office of Poland. If you have any questions , please contact us at:
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