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.

Year-end Transfer Pricing Adjustments

On 1 January 2019, the revised CIT law introduced five conditions allowing taxpayers to recognise transfer pricing adjustments as tax-deductible. According to article 11e of CIT Act, taxpayers may adjust transfer prices and change the amount of revenue earned or tax-deductible expenses incurred provided that all of the following conditions are met:

ASB – a new member of NPCC

We are pleased to inform you that ASB has become a member of the Norwegian Polish Chamber of Commerce (NPCC). We hope that membership in this association will allow us primarily to exchange experiences with Norwegian companies and to establish new partnerships.