Investment fund – tax status
Investment funds offer investors the opportunity to collectively invest their money, in accordance with regulations, into various securities and other property rights. In Poland, there are three types of investment funds: open-ended (FIO), specialized open-ended (SFIO) and closed-ended (FIZ), which differ in their tax statuses, among other things.
Investment fund as part of planned succession
An investment fund – in addition to its main purpose of investing in selected financial instruments – can play an important role in the succession of an asset or business. Read the article and find out more.
Opportunities and risks of FIZ operation
Among the main advantages of Closed-End Investment Funds (FIZ) is the diversification of the economic risks incurred by entrusting funds to an entity that specializes in making investments, i.e. an investment fund company.
Use of investment fund for planned investments
An investment fund – in addition to its standard function of investing the money collected – can act as a “holding company” for carrying out specific investments.
Conclusions from the review of the safeguard opinions issued to date
Protective opinions issued by the Head of the National Tax Administration (KAS) are an important tool for providing legal certainty to taxpayers. Faced with potential tax proceedings, taxpayers can apply for such opinions, which protect them from the risk that their actions will be considered an attempt to circumvent tax law. In our latest blog post, we will take a look at some of the significant decisions of the Head of KAS in recent months regarding issues such as restructurings, reduction of depreciation rates, simplification of ownership structure or cross-border mergers. We will analyze both the content of these decisions and their economic context to show how these opinions affect everyday business practices and tax management.
PSI – Traps of applying zonal relief
Taking advantage of the Polish Investment Zone’s preferences is an attractive option for investors seeking tax benefits, but such benefits are not without risk. Recognition of eligible costs, inability to take advantage of simplified transfer pricing documentation, and potential revocation of support decisions are just some of the issues that can expose entrepreneurs to unexpected complications. In our latest blog post, we examine these risks and the Polish Investment Zone rules to help investors better understand what these preferences may mean for their business operations.
PSI – Practical aspects of accounting for zone relief
The Polish Investment Zone was introduced by the Act of May 10, 2018 on supporting new investments. This solution, unlike special economic zones, makes it possible to obtain state aid throughout the country. The state aid in question relates to exemption from payment of both PIT and CIT income tax on income generated in connection with the new investment covered by the decision on support. Importantly, the exemption cannot be used by companies forming a tax capital group established or for which the period of operation has been extended since June 30, 2018.
PSH – What is a Polish Holding Company?
The introduction of new regulations always raises many questions and uncertainties. Above all, we want to know what these changes mean for us and how they might affect our operations. As we begin 2022, Poland has introduced significant changes for investors and companies interested in holding structures. The new concept of the Polish Holding Company (PSH) is a proposal for favorable tax conditions aimed at attracting and retaining capital in our country. Therefore, in the post we will take a closer look at this solution, find out what a Polish Holding Company is, what conditions it must meet and what we need to know about its subsidiaries.