Be up to day with news and business insight.
Find our latest publications below:
NGL TAX Team has obtained a VAT refund and VAT deduction of almost 1.5 million PLN for a Client operating in the telecommunications industry in recent weeks. Our Client’s activity consists of investing in telecommunication companies and providing them with management services.
Our Team participated in the pre-consultation process organized by the Ministry of Finance regarding the so-called SLIM VAT 2 package, presenting its own professional standpoint as well as remarks prepared by our Clients.
NGL Tax Team received a securing opinion confirming that the Client is entitled to decrease its depreciation rate
The securing opinion that our NGL Tax Team received for our Client confirms that decreasing depreciation rates in order to settle tax losses carried forward and non-deducted interest from loans does not qualify as tax avoidance.
Tax authorities issued an individual interpretation confirming that execution of offset arrangement in Poland is outside of VAT and should be treated as a complex supply. Our Tax Team assisted in preparation of the application for an individual interpretation.
The new tax proposals for 2021 are, in fact, an opportunity to postpone taxation until the moment of distribution of funds from the company, i.e. the so-called “Estonian CIT” and to establish an investment fund in the company.
We are strengthening further our position in the Polish renewable energy sector M&A with another deal closed. We have supported KGAL Group in acquisition of 13MW wind farm project in Ciekocinko (northern Poland).