Author: ts_pm

Bankruptcy procedure is associated with a tedious and lengthy procedure aimed at ending business activities of an indebted entity. Its effects are usually not satisfactory for any of parties. The bankrupt loses its assets and ceases activities, whereas creditors recover a negligible part of their claims.

However, changes in the bankruptcy procedure that relate to prepared liquidation (so-called pre-pack) are perceived positively. The advantage of the prepared liquidation is the possibility of accelerated disposal of bankruptcy estate and recovering funds to satisfy creditors.

Marcin Borkowski, Ph.D., writes more about so called pre-packs in his article on Lexplorers.pl.

Link to the article: http://lexplorers.pl/pre-pack-czyli-upadlosc-pod-kontrola/ 

Regulations on issuing receipts for transactions of a lower value than PLN 450 caused more harm than good. Tax authorities issue conflicting interpretations, whereas sellers and their customers do not know what to do.

The topic of the day by Krzysztof Koślicki along with a commentary from our expert can be found in today's edition of Prawo.pl:
https://www.prawo.pl/podatki/wystawianie-paragonow-i-faktur-do-450-zlotych-z-problemami-i,502990.

The situation of the coronavirus epidemic may disrupt plans related to the company's development. However, the latest interpretation of the tax authorities clearly confirms that expenses related to a planned listing on the stock market are costs indirectly related to revenues, even in a situation where the implementation of these plans is suspended. Therefore, they can be deducted from revenues.

An article by Agnieszka Rzeszut devoted to this subject was published in today's edition of Prawo.pl:
https://www.prawo.pl/podatki/wydatki-na-przerwany-projekt-i-wejscie-na-gielde-mozna-rozliczyc,502947.html

In the second week of October, Toruń will host the 12th Public Finance Forum, the theme of which is: What to pay attention to at the closing of 2020 – doubts regarding accounting, reporting, and public finance discipline in the times of the pandemic. 

Grzegorz Karwatowicz, an expert in the field of EU funds, public aid and public procurement practice, will be one of speakers at the event. During his lecture, he will discuss the most important problems related to the implementation of EU projects, taking into account the impact of COVID-19 on the course of project implementation.

The 12th Public Finance Forum is the largest event in Poland addressed to financial and accounting staff of entities of the public finance sector. It aims at providing participants with practical solutions to problems they encounter in their work. Topics discussed during the conference will be devoted to sensitive areas in law.

More information about the event is available at: https://forum.finansepubliczne.pl/ 

On 12-13 October 2020, a series of interactive workshops will be held at the Westin Hotel in Warsaw entitled Current challenges in the field of energy land and real estate taxation in the new regulatory environment. The event will be held in the live streaming form. The aim of the workshops is to brief participants on changes in the scope of new regulations that have a direct impact on the taxation of energy real estate and equipment. The meeting is directed primarily to professionals from the energy and gas industries.

The first day of the workshops will start with a presentation by Kamil Szczęsny, lawyer, supervisor of tax practice at GWW, który who will present issues of real estate taxation of selected network structures and energy equipment to participants, by discussing:

• issues of land related to conducting a business activity and occupied for conducting such activity
• taxation of energy equipment: cable lines, wind farms, transformers, temporary building structures and photovoltaic structures, water supply networks, energy distribution stations

More information about the event is available at: https://www.mmcpolska.pl/kalendarz-wydarzen/aktualne-wyzwania-w-zakresie-opodatkowania-gruntow-i-nieruchomosci-energetycznych-w-nowym-otoczeniu-regulacyjnym 

Yesterday's webinar organized by the Polish Association of Developers on the amendment to the Construction Law that enters into force on 19 September 2020, conducted by Joanna Sebzda-Załuska, broke the attendance record! It was participated by more than 200 people.

During the webinar, Joanna Sebzda-Załuska presented the new regulations and the reasons for introducing them, and most of all, made an attempt to assess their anticipated impact on a construction investment process and its participants. As a Law Firm, we believe that knowledge of the amended regulations will provide an advantage on the market and will enable proper preparation for the future investment process. More information on our investment process practice: https://lnkd.in/eBrAFCX

Joanna Sebzda-Załuska – attorney-at-law, GWW partner, head of the investment process practice. She provides comprehensive services for the investment process and development projects. She specializes in construction law, environmental law, planning and spatial development, as well as administrative procedures. She gained professional experience by working in construction supervision authorities and in the GWW Law Firm, she provides advice to investors during the investment process. 

She is an author of numerous publications on changes required in the applicable legal regulations in order to enable elimination of legal barriers and ensure smooth implementation of investment projects. She regularly conducts numerous trainings and workshops on the investment process for public administration bodies and investors, and is a lecturer at the post-graduate studies on
“Investment and construction process for lawyers” at the Lazarski University.     

The Polish Association of Developers is an organization associating 211 members which, acting on behalf of investors, has been taking care of the condition of the development market in Poland for over 18 years. It operates nationwide and at local levels, focusing in particular on the Warsaw, Wrocław, Tricity, Poznań, and Cracow markets . 

Development of a company, expansion of business activities and purchase of additional cash registers no longer entitle to the tax relief for the purchase of the device. The tax relief may be applied only to those registers that a company bought at the start its business. Tax authorities’ opinion is firm. However, tax advisers believe that the relief should be applied to a wider extent.

An article by Krzysztof Koślicki with a commentary by Krzysztof Czekaj, a VAT expert, can be read at: https://www.prawo.pl/podatki/ulga-tylko-na-pierwsza-kase-fiskalna-zakup-dodatkowych-kas-bez,502777.html

We would like to inform you that new employees have joined the Rzeszów branch of GWW. 

Łukasz Koba will support the tax advisory team, primarily in the field of transfer pricing, Mandatory Disclosure Rules (MDR) and tax reliefs.

Paulina Wójcik-Król, who has been supporting GWW clients from the Podkarpacie region in the field of labor law since the outbreak of the coronavirus pandemic – will join the permanent labor law team in Rzeszów as of counsel.

We wish many professional successes to our new lawyers!

Renata Siekanko, a specialist in construction law, writes about changes in the procedure regarding illegal use of a building structure, which were introduced as part of the amendment to the Act on Construction Law.

– First of all, the previous nature of a penalty imposed in these proceedings will change – from a one-off penalty to a multiple possibility of imposing it. This possibility will be effective until the building structure is used on the basis of a use permit decision or an effective notification of construction completion – writes Renata Siekanko.

The article was published on Lexplorers.pl: http://lexplorers.pl/nielegalne-uzytkowanie-obiektu-budowlanego-po-zmianach-prawa-bud/

Together with the Polish Association of Developers, we invite you to a legal webinar, during which Joanna Sebzda-Załuska attorney-at-law and partner at GWW, will discuss the amendment to the construction law.

The webinar will be held on 2 September at 11:00 am.

Registration: biuro@pzfd.pl

More information and the meeting agenda are available at: http://pzfd.pl/szkolenia-deweloperskie/grupa-prawna/prawo-budowlane/