Tax due diligence

Tax due diligence is an assessment process that evaluates the target’s company tax obligations, exposures, and risks. It is also applicable for VAT assessments within asset deals and enterprise deals. It ensures informed decision-making during mergers, acquisitions, or investments by uncovering potential tax liabilities and offering strategies for mitigation.

Tax structuring

A tax structuring memorandum is a strategic roadmap crafted by tax experts to optimize a business’s financial framework, identifying efficient ways to manage tax liabilities while ensuring compliance with regulations and maximizing benefits.

PRS/PBSA strategic tax advisory

Our strategic tax advisory, backed up with years of practical experience and tailored for the Private Rented Sector / Purpose-Built Student Accommodation offers specialized guidance in areas like VAT deductions, lease taxation, tax depreciation, and property taxes. Whether through models, opinions, or memoranda, we provide comprehensive insights to optimize your tax strategies.

Tax analysis of transactional contracts

Analysis of transactional contracts provides thorough examination and optimization of tax clauses in contractual agreements. We ensure contracts align with tax efficiency goals, mitigating risks, reflecting commercial agreements, and maximizing benefits for your business. We co-draft and verify preliminary and closing contracts, insurance policies, side letters, representations & warranties clauses, and Letters of Intent, depending on your needs.

Tax memoranda

Real estate transactions often require additional sign-offs and reliance letters for financing institutions, group entities, insurers, and underwriters. Our service ensures meticulous documentation, description of tax risks, and mitigation strategies, to facilitate seamless transactions.

Negotiation assistance

With our expertise, we actively advocate your tax perspective, strategically presenting and pursuing favorable avenues for mitigating tax risks during crucial calls and meetings.

Transactional tax rulings

Transactional tax rulings stand as an integral component of asset deals in Poland. Drafting them meticulously is paramount; our service ensures the utmost precision to safeguard comprehensive tax protection for asset deal taxation strategies.

Tax risk management instruments

We empower your business model by crafting applications for available tools like tax rulings, tax clearance certificates, binding rate information (WIS), and other tax risk management instruments. We guide you through the process, ensuring compliance and efficiency while mitigating tax-related risks.

Tax modeling

Tax modeling enhances business strategies by integrating crucial tax data into existing models. We ensure accuracy, enabling informed and tax-efficient decision-making.

Withholding taxes

Distribution of rental profits abroad often entails intricate withholding tax (WHT) considerations. Our expertise encompasses establishing WHT collection systems, securing WHT opinions, facilitating refunds, managing filings, and optimizing the WHT function for seamless operations.

Real estate companies’ (RECo) reporting

RECo reporting involves statutory obligations for property-owning entities. Upon RECo qualification, added reporting duties affect the company and shareholders. Our service encompasses analysis, advisory, report assistance, and representation to ensure compliance and efficiency.

MDR reporting

MDR Reporting, a vital facet of EU DAC-6 Directive implementation into Polish tax regulations, entails meticulous obligations. Our service covers comprehensive analysis, advisory, report assistance, and reporting, ensuring compliance with the extended Polish MDR framework.

Minimal CIT

Our service encompasses full compliance management, effective taxation advisory, and pursuit of potential refunds, ensuring optimized tax outcomes for your real estate holdings.

VAT coefficient

Calculating the VAT coefficient for mixed-use properties, accounting for exempt and taxable rent, involves specific rules. Our service offers end-to-end VAT compliance, coefficient computation, authority communication, and oversight of VAT refunds—essential, especially within the Private Rented Sector (PRS).

Property tax

Property tax management is intricate, but we simplify it. We collaborate with property managers, aiding initial filings, assuming full compliance, advising on complexities, suggesting strategies, and even litigating—crucial for PRS. Our collaboration extends to surveyors and valuers for precise tax-aligned measurements and valuations.

VAT refunds

Optimize your cash flow with our VAT refund expertise. Essential for construction phases and post-asset deals, we manage VAT compliance, refund processes, liaise with tax authorities, and seize opportunities to mitigate risk, ensuring efficient cash flow management.

Transfer tax (PCC)

Streamlining transfer tax (PCC) compliance is our expertise. From post-share deal advisory to equity shifts and restructurings, we handle it all. We are PRS sector-savvy, advising on potential additional PCC for acquisitions, ensuring seamless and accurate tax management.

Tax depreciation

Navigating tax depreciation complexities demands precision. Our service aids in constructing accurate fixed asset registers, auditing existing trails, and optimizing depreciation through cost segregation. We offer advice on any restrictions, RECo implications, and litigate to secure optimal tax outcomes.

Property accounting

We provide property accounting services in cooperation with the selected property manager. Our bookkeeping records allow us to reconcile the property’s operating expenses (service charges) with the budget, and to account for and record them appropriately. If necessary, we can assist in the invoicing of rent and service charges. We use tools and reports that meet Polish requirements.

Fund accounting

We provide fund accounting services in close cooperation with the fund management company (KVG or other). We maintain accounting records that allow us to separate property accounting from fund accounting. If necessary, in addition to preparing financial reports for the fund, we can provide files for importing financial data (transactions).

Accounting services

We maintain the accounts of real estate companies (RECo) in accordance with Polish regulations and tax requirements. For reporting purposes, we can provide financial data according to IFRS or US GAAP standards. If necessary, we can maintain local books in accordance with IFRS standards.

Tax compliance

We provide ongoing tax compliance services in VAT and CIT area. We prepare and submit to the tax administration the required data and tax returns. We are the main contact person for Polish tax authorities. We handle tax audits.

Financial statements & reporting

We prepare periodic financial reports for group needs, as well as required reporting for banks and other institutions. For reporting purposes, we can provide financial data according to IFRS or US GAAP standards. We handle the preparation of statutory financial statements and reporting to Polish Central Bank (NBP).

Directorship services

We can provide experienced individuals to act as professional independent directors of your real estate SPV companies. We offer directorship services in combination with our accounting and tax compliance services.

Cash management

We handle the cash management of the SPV. We prepare and enter bank transfers, prepare liquidity requests, and handle currency conversions. We monitor and prepare liquidity plans.

Payroll services

We provide payroll and human resources services for employed employees. In addition to preparing the monthly payroll, we take care of personnel records, notifications and reporting to the Social Security Administration. We provide employees with access to the e-employee portal.