Real estate companies will get more time to provide information
The Minister of Finance has decided to extend the deadline for real estate companies and their partners to provide the head of National Tax Administration with information on their shareholding structure. The new deadline has been set at 30 September. Originally, it was to be the last day of March.
Shareholding structure reporting by real estate companies is a new obligation, as the definition of a real estate company appeared in the legislation on 1 January 2021. The first shareholding structure reports will be submitted precisely in 2022.
The decision of the Minister of Finance extending the time for submitting the reports will give taxpayers more time to analyse what in a given group is a real estate company, which unfortunately is neither easy nor obvious. So it is not worth postponing this process until the end of the deadline. It is better to start work in this area now.
The draft of the Minister of Finance extending the deadline is at the stage of agreement.