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ASB Group advised REICO on the acquisition of an industrial park Dubnica II in Slovakia

ASB Group has successfully advised ČS nemovitostní fond which is managed by REICO investiční společnost České spořitelny, a.s. on the acquisition of an industrial park Dubnica II in Slovakia. Park Dubnica is a new logistics centre built in 2018. It consists of warehouse, technical and office space with a total lettable area of 16.6 thousand square meters, with 100% of the rentable area already occupied. The value of the new acquisition is approximately CZK 241 million (EUR 9.5 million). ASB advisory services included comprehensive financial and tax due diligence.

Important changes to VAT from 1 April 2020

Liquidation of VAT return forms and introduction of new JPK_VAT (SAF-T) Starting from the VAT settlement for April 2020, large companies will be obliged to replace the traditional VAT-7 return form with a new JPK_VAT (SAF-T; so-called “VDEK”). For other taxpayers, this obligation will apply from the VAT settlement for July 2020. The new regulations do not eliminate VAT tax returns, however, they significantly modify the rules of their preparation and submission. In effect, the rules regulating monthly JPK_VAT submissions will change.

Tax authorities apply General Anti-Avoidance Rules

Recent information published by the Ministry of Finance shows how the tax authorities are making use of the General Anti-Avoidance Regulations (GAAR) and provides details of opinions recently issued by the Council for Prevention of Tax Avoidance, which is in Polish Rada do spraw przeciwdziałania unikaniu opodatkowania (“Council”). We note that the Council has been used infrequently to date and has assessed only a handful of complex cases since it was first established in July 2016.

ASB was awarded the „Gazele Biznesu” title

We are pleased to announce that ASB, once again, was awarded the „Gazele Biznesu” title for 2019. This prestigious recognition is granted to the most dynamic small and medium-sized enterprises in Poland.

ASB Group advised REICO on the acquisition of an industrial park Dubnica II in Slovakia

ASB Group has successfully advised ČS nemovitostní fond which is managed by REICO investiční společnost České spořitelny, a.s. on the acquisition of an industrial park Dubnica II in Slovakia. Park Dubnica is a new logistics centre built in 2018. It consists of warehouse, technical and office space with a total lettable area of 16.6 thousand square meters, with 100% of the rentable area already occupied. The value of the new acquisition is approximately CZK 241 million (EUR 9.5 million). ASB advisory services included comprehensive financial and tax due diligence.