Firms can obtain a refund of VAT on goods and services acquired in Poland, imported items, and expenditures on domestic and foreign travel. This means there are many opportunities to maximize recovery of VAT, and the savings can add up to nearly 30% of expenditures.
When applying for a VAT refund, it is worth checking whether the business is subject to a duty to register in the given country. Failure to register for VAT and make settlements of output VAT may lead to a negative decision when seeking a VAT refund, or even entail penalties or higher interest on tax arrears. And this situation could lead to arrears not only in VAT, but also in income tax.
Additionally, by eliminating invoices not providing the taxpayer the right to deduct VAT, you can shorten the tax proceedings, also reducing the waiting time for a refund.
KR Group conducts a comprehensive analysis of transactions in terms of the obligation to register for VAT in a given country, indicating the possibilities for seeking a refund of an overpayment of VAT, and providing assistance in obtaining a VAT refund. We communicate precisely which invoices should be excluded to minimize the waiting time for the VAT refund.
Appointing an experienced tax adviser as your representative in tax proceedings assures that the contact with the tax office will be conducted professionally. This increases effectiveness and the likelihood of obtaining a refund. The materials and correspondence in the proceeding are conducted in the language of the country where the client is seeking a refund. Without professional support, taxpayers may inadvertently forfeit the possibility of recovering substantial amounts.
Thanks to longstanding cooperation with our foreign partners, we support our clients in recovering VAT not only in countries where we have offices (Poland, Czechia, Hungary, Romania and Slovakia), but also in other EU member states.
By relying on the VAT refund services of KR Group, you will: