What is PIT-37 in Poland?

What is PIT-37 in Poland?

PIT is a personal income tax. According to Polish law, from February 1 to April 30 of each year, an employee who earned income in Poland during the previous calendar year must submit an annual tax declaration (PIT) to the Tax Office. There are several types of tax declarations. The most common type is PIT-37.

What happens if you don’t pay taxes in Poland?

However, if you do not submit PIT at all and you do not pay any resulting due tax, you will become a deptor in the Polish tax system, which might result in you not being able to legalise your stay in Poland (receive the residence permit) and paying a fine.

What is pit11?

PIT-11 contains your revenues, how much taxes you already paid, and your social and health insurance contributions. Based on PIT-11, you have to fill out your annual tax declaration (PIT-36 or PIT-37).

How do you fill a PIT-37?

There are several options to fill out a PIT-37 form. The first one is to download an official program (e-Deklaracje) , which is provided by the Ministry of Finance, and to copy all the data from your PIT-11 form. The second one is to use PFR (pre-filled tax return forms) from the Ministry of Finance.

How is PIT calculated in Poland?

up to

  1. PLN 1,440 – for a taxable base not exceeding PLN 8,000;
  2. PLN 1,440 reduced by an amount calculated using the following formula: PLN 883.98 x (taxable base – PLN 8,000) ÷ PLN 5,000, for a taxable base higher than PLN 8,000 and not exceeding PLN 13,000;

How can I avoid tax in Poland?

You can deduct business travel expenses and reasonable services that can be listed as business services, like business lunches, corporate gifts and others. Early contributions to retirement plans and charitable donations are also ways in which investors can minimize taxes.

How do I claim VAT back in Poland?

What the procedure is for applying for a refund. A VAT refund application must be submitted in Polish, via means of electronic communication and through tax administration of the Member State of establishment, to the Head of the Second Tax Office for Warszawa-Śródmieście.

What is PIT 2 form Poland?

pay taxes in Poland (then it would be necessary that they submit the PIT (Personal Income Tax) by filling out the PIT-2 form and then they will receive PIT-37, as all employees in Poland and will get revenue in Poland, so it is necessary that they submit the PIT (Personal Income Tax) declaration.

What is PIT rate?

Personal income tax (PIT) rates.

How is pit calculated in Poland?

How much is VAT refund in Poland?

Poland’s refund rate ranges from 13.2% to 16.5% of purchase amount, with a minimum purchase amount of 200 PLN (47 EUR) per receipt. You need to have permanent residence in a non-EU country to be eligible. Poland has one of the highest refund rates for both large and small purchases, at up to 16.5%.

How much is VAT tax in Poland?

23%
The standard VAT rate in Poland is 23% since January 2011. There are reduced rates of 8% and 5% on certain food, books, newspapers and the supply of a limited number of other services.

How are pit wages calculated?

Calculate total reportable wages — PIT wages — for W-2 reporting purposes, using the formula required by the EDD: S / (1-R) = W. S represents the pretax actual salary paid to the employee, R is the taxation rate and W is the total wage to report on the W-2.

What is pit in tax?

Personal Income Tax (PIT) PIT is a tax levied on the personal income of an individual on an accrual basis from any or more of the following four sources: (a) Employment Income. monthly basic salary allowances. fees & remuneration.