The tax system in Poland is considered multifaceted , which is why individuals and companies are interested in ways of tax overpayment adjustment.
Adjustment of overpaid taxes in Poland are can be obtained for both private persons and legal entities . The primary 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 a number of circumstances where an individual can claim compensation of taxes:
Overpayment of taxes : In many cases, taxpayers excessively pay taxes due to errors in their reports .
Favorable tax conditions: Specific allowances 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 fluctuates during the year, this can alter their tax liability , resulting in the possibility of a adjustment.
VAT Refund Process
Companies listed for in the VAT system may receive compensation for VAT on business-related expenditures. To apply for a refund, a company must fulfill the following conditions :
Timely filing of declarations : VAT report must be filed every month within 25 days after the end of the accounting period.
Filing online : Reports are filed online on the website of the Polish tax administration (KAS).
VAT Refund Application: A firm is entitled to claim a VAT refund through its monthly reporting . The tax authority will compensate the difference between input and output VAT .
Time for VAT Reimbursement
The time it takes to refund VAT change depending on a number of factors :
If the refund is requested to the company’s tax account , the refund is issued within 25 calendar days .
Reimbursement to a bank account are paid out within two months if sales were declared in that month .
If there was no revenue, the reimbursement is refunded within 180 days .
Corporate Tax Reimbursement
Polish legal entities are mandated to contribute corporate income tax (CIT). The process of corporate tax refund involves certain steps:
Timely submission of tax reports : The corporate income tax declaration (CIT) must be submitted by March 31 of the year in the year following the reporting year .
Using the online platform : The report is submitted via the tax office portal .
Applying for a refund: The firm submits for a refund of tax overpayment through the CIT declaration .
If the declaration for a refund is meets the conditions, the tax office will issue the refund within the set period.
Consulting with Tax Specialists
Understanding the complexity of the taxation system in Poland, many companies and individuals turn to help of tax experts .
Tax specialists can assist taxpayers increase their refunds and lower their tax obligations.
Our company, providing tax services , offers support with all issues related to taxation and acts on behalf of clients before the tax authorities of Poland. If you have any questions , please contact us at:
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