Effective settlements of investments in real estate tax
Numerous changes under the Polish Deal have not yet been enacted and their shape will probably be known at the end of November. On the other hand, the turn of September and October is not yet the hottest time for companies, e.g. with respect to transfer pricing, as the TP deadlines are postponed until the end of the year, although it is obviously worth taking care of all obligations in this respect some time in advance.
Therefore, this year the turn of September and October is an exceptionally ideal time to take care of the efficiency of property tax settlements.
It is especially important from the perspective of property tax settlement of recently made changes in property, e.g. completed investments which will be taxed for the first time.
Remember that real estate tax is an area of extremely defective regulations where it is particularly important to take into account the latest jurisprudence and practice.
As the examples of our clients show – such verification can result in significant savings, both with regard to the taxation of completed investments for the first time, in order to declare them for taxation in the most efficient manner possible, as well as with regard to previously held property. The identified areas of savings – due to the nature of property tax – most often concern not only the current year, but also 5 previous years, which significantly increases the amount of savings in settlements on this account.
As a matter of fact, each time we review settlements in this area – we identify opportunities to change the amount of taxation. With such a review, you can ensure the best efficiency of these settlements and determine the correct amount of tax for the next tax year.
Therefore, kindly let us know if you would be interested in such a review and we will provide you with the details.