A few taxing issues

Small talk
Eurobuild spoke to Przemek Oleksy, the managing director of corporate accounting and tax services specialist ASB Group in Poland about the impact of the changing taxation environment and those very eagerly awaited REITs
What legislative changes has the new year brought that might affect the real estate sector? Przemek Oleksy, managing director, ASB Group: The hottest topic for sure is the tax on real estate. This is still quite a challenge and any new tax is more of a hindrance than an opportunity. The rules have been made more precise, which gives us hope that the rules will be clearer, but the changes were revealed abruptly and brought in at literally the last moment. The rumours swirling around the news were even such that there was talk of a tax on garden gnomes. It only became clear recently what the rules were going to be. Property managers in Poland are to be responsible for calculating the tax, thus putting additional responsibilities on them. But at the moment they often lack the adequate data to do this properly. To avoid mistakes, you have to make a thorough inventory of the property as well as go through the documentation – and this takes both time and additional finances. Have n
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