Take VAT!

Investment & finance
The tax you needed to pay in Poland when selling a commercial property had been relatively straightforward for around a decade. Then the revenue office swung into action in H2 2016 and sent the market into something of a panic. However, the experts argue that the tax you need to pay is not that significant as long as it is clear what and why you actually need to pay
By the middle of last year the situation was quite clear: when you sold an office building, a shopping centre or a warehouse you needed to pay VAT of 23 pct. Things took a rather more complicated turn when the tax authorities started to interpret property sales as selling an enterprise liable to a tax levy on civil law transactions of 2 pct and suspended the VAT rebate to property buyers. Furthermore, there have been some reports from people in the sector that the tax offices were even questioning tax decisions retrospectively. Such a situation has caused havoc and injected a dose of insecurity into the Polish commercial property market. “The latest interpretation of the revenue office of the tax on commercial property sales surprised developers and investors involved in trading properties on the Polish market,” explains Magdalena Ćwik-Burszewska, the head of tax at HB Reavis Poland. Good data, bad moods The investment market data for the last year are, however, excellen
Already have an account? Log in
87% of content remaining
Unlock full access to the edition
PLN
EUR
EurobuildCEE magazine
Access to EurobuildCEE edition online & flipbook
Current edition
Annual subscription
You save 23% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
  • Exclusive news, comments, articles and interviews with the most important market representatives and experts
  • Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
  • Eurojobs
  • Eurobuild FM

Categories

Your order
Your data
Number of access accounts
Each account provides independent access on one device. You will be able to create additional access accounts in the account settings.
Invoicing data
Order summary
Net price
Access accounts #
Net order
VAT (%)
Gross order
Payment security is ensured

Don`t miss out the current edition