- A taxpayer can get a VAT refund in Poland if their input tax exceeds their output tax.
- The refund can be allocated to a VAT account for future settlements or paid directly to the taxpayer’s bank account.
- Input VAT is charged on goods and services purchased by a business.
- Output VAT is charged on goods and services sold by a business.
- The difference between input VAT and output VAT determines whether a business owes VAT or is eligible for a refund.
- A VAT refund is possible when a company’s expenses exceed its sales revenue, resulting in a VAT surplus.
- The VAT surplus can be transferred to the VAT account for future settlements or refunded to the taxpayer’s bank account.
- To receive a refund, a taxpayer must submit an application to the tax office.
Source: dudkowiak.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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