Based on its announcement of March 19, 2020, the Ministry of Finance is suggesting the following types of anti-crisis solutions related to taxes. • Potential tax loss carryback (PIT and CIT). The loss recorded in 2020 can be applied to the previous profitable year (20...

The SARS-CoV2 (“Coronavirus”) epidemic might lead to numerous problems in performance of construction works agreements. Our clients point to conflicting signals coming from the market: • in some investment projects (e.g. large construction projects), investors ins...

On March 18, 2020, during a conference held after the Cabinet Council meeting, the President and Prime Minister of Poland announced that works are underway on a range of draft bills as part of the so-called “anti-crisis shield.” They are supposed to form an aid package ...

On Wednesday (18 March 2020), the President and Prime Minister announced a relief package worth PLN 212bn to counter the fallout from the coronavirus outbreak. Although full details of the relief measures are not yet available, it is clear that the stimulus plan is goin...

TUF Real Estate has closed the deal on land purchase for a new project to add to its retail park portfolio. TUF Real Estate’s new retail park will be located in Golub-Dobrzyń and is expected to be up and running next year. The investor has already taken first steps to ...

On 13 March 2020, the Polish government announced the state of epidemic threat due to COVID-19, more commonly known as the coronavirus. The days that followed saw the government close the Polish borders, impose a mandatory 14-day quarantine for Polish citizens returning...

What about agreements executed under public procurement law act? Potential actions for contractors and contracting authorities Undoubtedly, we are and will continue to be affected by the COVID-19 (“coronavirus”) pandemic and the state of epidemic threat, introduced in...

On March 13, 2020, the Minister of Health announced the state of epidemic threat in Poland. One of the main consequences is the fact that many retail and cultural facilities are closed. Below you find key comments on the employer’s rights related to the necessity to pe...

Below you will find detailed information and recommendations related to the state of epidemic threat for the real estate industry, which took effect on March 14. We can already see clear impacts on our sector, as listed below. 1. Some tenants of commercial development...

We are still waiting for the draft special-purpose tax act. Plans for its adoption were announced by the Ministry of Development. It is supposed to include a range of relief measures for taxpayers, such as postponement of the effective date of the “new” SAF-T VAT, quick...