From today it is possible to register a family foundation
Today, 22 May, the rules governing the family foundation came into force. It is therefore already possible to use this institution.
What benefits are associated with a family foundation? Among other things, tax advantages.
Foundations themselves are – in principle – exempt from taxation. Tax only appears at the moment of transferring the assets to beneficiaries (15 per cent CIT on the foundation’s side). If the benefits are made to those closest to the founder, this is the only tax that will be payable (such beneficiaries are exempt from PIT).
Tax may also have to be paid when the foundation is used in certain optimisations, when the foundation carries out business activities to the extent not provided for by the law and when it is liquidated (but these should be rather exceptional events).
If you have questions about the family foundation or are looking for support in this area – please do not hesitate to contact our team.