Published at: 2019-03-20 15:39 | Author: Robert McLean
When is an asset deal really the sale of a going concern? Two years after reneging on their own tax rulings, Polish authorities have finally made this clear
The Polish real estate investment sector got a Christmas present from the Ministry of Finance in mid-December by ruling that it would accept asset deal transactions involving commercial property. The industry was thrown into chaos in the fall of 2016 when Polish tax authorities began questioning the legitimacy of such transactions, going so far as to demand that the vendors of properties pay back VAT repayments made by the state. Remarkably, this included transactions where the parties had recei...
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