Tag: Tax
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Reporting Deadline for Real Estate Companies Looming
Real estate companies are required by law to report their shareholding structures within three months of the end of the tax year, with shareholders of such companies bearing a similar responsibility. This means that the statutory deadline for companies whose tax year aligns with the calendar year expires on 31 March 2025. As such, you …
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Finance Ministry Announces Revolution in MDR – End of Excessive Reporting?
The Ministry of Finance has announced a comprehensive reform of the MDR (Mandatory Disclosure Rules) regulations, aimed at significantly simplifying reporting obligations. A key aspect of the reform is the discontinuation of reporting domestic schemes, which could reduce the number of filings by up to 70%. MDR in Poland – Bureaucratic Trap for Business The …
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Family Foundation – Poland’s Succession Planning Scheme
In 2023, via the Family Foundations Act (FFA), Poland introduced the new legal concept of the “family foundation” as a legal entity designed to manage and protect family assets, providing a flexible mechanism for succession planning and significant tax optimisation benefits, including deferred taxation on reinvested income and reduced rates on distributions to beneficiaries. Prior …
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