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Withholding tax collection mechanism ‘pay & refund’
Withholding tax collection mechanism ‘pay & refund’ From January 1, 2022, the 'pay and refund' mechanism applies. This mechanism consists in the obligation of the remitter to collect withholding tax (WHT) at the standard rate (19% or 20%) and then, if all the conditions for the refund are met, submit an application to the competent authority for confirmation and refund of the overpayment. This mechanism applies to the payment of passive receivables (dividends, interest, royalties) to related parties for a total value exceeding PLN 2 million to the same taxpayer in a given tax year.
The process of obtaining a tax refund is not the easiest one and is associated with a 'bureaucratic' procedure that requires obtaining a large amount of documentation and often addressing numerous questions that may arise on the part of the tax authority examining the legitimacy of the refund.
Withholding Tax (WHT) Refund Solution
Withholding Tax (WHT) Refund Solution is a unique service developed by PwC, which includes a comprehensive analysis of the client's tax position and documentation necessary to submit a WHT refund application, as well as preparation of a WHT refund application and support in the process of its submission. Take advantage of our structured process supported by many years of experience of our specialists using advanced IT tools (Engagement Center).
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How do we respond to the needs of your company?
Comprehensive analysis
PwC verifies whether the submission of a tax refund application is justified (whether the refund is due), thus minimizing the risk of unjustified filing a refund request.
Structured and proven process
Providing clients with optimal cost and time support in recovering the tax paid.
Client representation
We represent the client before the tax authority during the WHT refund proceeding.
Effective management and transparent cooperation process
The WHT Refund Solution enables clients to monitor progress related to the return procedure on an ongoing basis and to cooperate interactively with PwC (transmission of documentation, communication) thanks to the dedicated PwC Engagement Center platform.
Our experience
The team of PwC specialists providing the WHT Refund Solution service consists of tax advisors and legal advisors recognized on the market with experience in handling refund proceedings for foreign investment and pension funds and entities from various industries.
PwC specialists have many years of extensive experience in comprehensive handling of proceedings for the determination and refund of overpayment of withholding tax (preparing and submitting an application to the authority and handling correspondence with the tax authority).
Benefits
Comprehensive approach - PwC deals with the entire process related to the recovery of overpaid WHT from A to Z, minimizing the client's involvement in the entire process
In-depth assessment of potential risk - as part of the analysis of the actual state of affairs, we estimate and propose methods to minimize the level of potential tax risk related to applying for a refund and possibly considering it unfounded
Expert knowledge and experience of PwC professionals - professional and specialist knowledge of the PwC team ensures high chances of obtaining a tax refund in an optimal way in terms of cost and time
Effective management and transparent cooperation process - effective management at every stage of the return procedure, thanks to the monitoring of its individual stages (PwC Engagement Center)
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