ASB Group assisted Trigea on its acquisition of the Explora Business Centre
ASB Group provided advisory services to the Czech real estate fund Trigea to successfully acquire the Explora Business Centre office building.
As we have previously informed you, the institution of a new flat-rate tax was introduced into law with effect from 1 January 2021.
Based on the implementation of European legislation, the Government Regulation was issued to implement certain provisions of the Customs Act in the field of statistics.
We would like to bring your attention to new CFC (Controlled Foreign Companies) regulations which were passed by the parliament and will probably take effect as of 2022 CFC reconciliations:
In the tax ruling dated September 21, 2021, ref. 0112-KDIL3.4012.216.2021.2.MBN, the Director of the National Tax Information System (hereinafter: "DNTIS") confirmed the taxpayer's position that it is entitled to deduct input VAT on the outlays made in connection with the construction of a residential and commercial building, and the mere fact that taxpayer did not submit a VAT-R registration form cannot deprive him of this right. However, DNTIS stated that the actual exercise of the right to deduct may only take place after the taxpayer obtains the status of a registered (active) VAT taxpayer.
The government's development plan will soon become a new Polish reality. Thus, it is worth paying special attention to the extended package of tax reliefs that can be used at every stage of the production process. The proposed solutions are primarily aimed at increasing support for R&D activities in Poland.
On October 1, the Polish Parliament adopted an amendment to the VAT Act and certain other acts (hereinafter: "VAT amendment"), implementing as of January 1, 2022 the National System of e-Invoices, the so-called KSeF and also including a new type of invoice - a structured invoice.
The first day in October is important for those tax subjects whose deadline for filing a tax return from the beginning of July has been extended by 3 months.
In August of this year, an amendment to the Notarial Code was published in the Collection of Laws, introducing several significant changes concerning notarial services from 1 September 2021.
We prepared a summary of the system of social policy of the Czech Republic and the Ministry of Labor and Social Affairs.