Tag: Real Estate
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Higher Tax Rates on ‘Home Offices’?
Poland’s Ministry of Finance has recently taken the position that if a residential building is rented out by a sole trader running a business, then this is considered a business activity even if the tenant is only renting out the property for purely residential purposes. This may, of course, mean that tenants can expect a …
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General Tax Ruling on Reporting by Real Estate Companies
The need to undertake tax reporting by companies with more than 50% of assets in real estate is relatively new (reporting was undertaken for the first time on 31 October 2022). In order to clarify any uncertainties in the interpretation of these new provisions, the Ministry of Finance has published a general tax ruling in this respect. Main Issues …
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Poland Liberalises Onshore Wind Power Regulations
The development of wind onshore projects is restricted by the so-called Distance Act in Poland. The legislation imposes the requirement that installations cannot be located closer than ten times the height of the turbine from residential buildings or other protected areas. This effectively eliminated the majority of wind onshore projects from 2016 (when the Distance …
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