How to get a refund VAT? Reporting on the value-added tax. 18+
Channel: Oruga Group - Corporate Law & Investment Services
Date: 2018-10-01

Oruga Group Business and Investment Law ► https://orugagroup.com/en
Hi everyone
In today’s video I am going to talk about reporting and refunds of Value Added Tax.
the default tax period for VAT in Poland is one calendar month. However, the VAT reporting period, quarterly or monthly, can be selected by a business owner or management board when registering to #VAT .

Polish monthly or quarterly VAT returns are due on the 25th of the month following the reporting period end. Any Polish VAT due must be paid at the same time. In the case where a #business has opted to file quarterly returns but is required to make monthly prepayments.
If there is more VAT incurred than charged then a Polish VAT credit arises this is due back to the VAT registered business from the tax authorities. This credit can be refunded or carried forward to offset any tax due in the next period. A business applying for a VAT refund in #poland will be subject to time limits depending on the nature of the transactions involved.

The current rules set a time limit of 60 days for the Polish authorities to pay back a VAT refund. This limit will be reduced to 25 days when a number of conditions are met. Where the conditions are not met, the 60 days limit will remain applicable. Also if there were no sales during the reporting period time limit can be prolonged to 180 days.

The Polish VAT law also allows direct refunds when input VAT (available for deduction) exceeds output VAT.
A Polish business may also be entitled to the VAT refund owed by another country under certain circumstances. Likewise, a foreign business having seat or fixed place of business for VAT purposes outside of Poland may be, in most cases, entitled to the refund of Polish VAT.

 If the respective countries belong to the European Union, the procedure is substantially simplified due to the EU Directive, which provides favourable rules for businesses based in EU countries that are seeking VAT refunds in other EU countries - so called electronic VAT refunds are possible.
Those are the main rules on VAT reporting and refund. Hope you found this video useful.
See you next time.


#investmentinpoland #businessinpoland #valueaddedtax 

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