Reporting on Real Estate Companies

Comprehensive tax reporting support for real estate companies

Polish tax law imposes specific reporting obligations on real estate companies and their shareholders. These rules aim to increase transparency in ownership structures and ensure proper taxation of real estate-related income. Fulfilling tax reporting obligations in the real estate sector can be a challenging process due to high level of scrutiny imposed by Polish tax authorities. CRIDO’s tailored service ensures compliance, accuracy, and efficiency in managing these obligations, providing real estate companies with peace of mind and strategic tax solutions.

Scope of the compliance service

Our tax reporting service for real estate companies includes:

Support with preparation and submission of CIT-N1 and CIT-N2 forms – identification of entities qualifying as real estate companies, preparation and submission of CIT-N1 and CIT-N2 forms by the end of March each year, support for foreign shareholders in obtaining tax identification number and electronic signatures.

Benefits of our service

Industry Expertise: Our specialized knowledge of real estate tax regulations ensures precise and compliant reporting tailored to the unique needs of the sector.
Risk Mitigation: We proactively identify and manage potential tax issues specific to real estate transactions and reporting.
Comprehensive Support: From document preparation to liaising with tax authorities, we handle all aspects of your tax reporting process.

Why choose CRIDO?

CRIDO’s extensive expertise in the real estate sector sets us apart. We understand the distinct challenges and regulatory requirements faced by real estate companies, offering solutions designed to address these complexities effectively. Our approach combines meticulous documentation, proactive risk management, and a focus on optimizing your tax position.

How we work

Preliminary Analysis: We begin by analyzing your real estate holdings and related financial data to ensure accurate compliance with reporting requirements.
Regulatory Compliance: Our team stays updated on changes in tax laws affecting real estate companies, ensuring your reports reflect the latest regulations.
Documentation and Filing: We handle the preparation and timely submission of CIT-N1 and CIT-N2 forms
Ongoing Support: We provide continuous assistance, including representing your company during tax inspections, resolving queries from tax authorities, and offering strategic advice to optimize your tax position.

Additional support services

Strategic Tax Structuring: providing tax efficiency of ownership structures, planning for real estate transactions to minimize tax exposure, advisory on VAT vs. PCC (civil law transaction tax) implications.
Ongoing Tax Support: CIT and VAT compliance for real estate operations, assistance with JPK CIT (Standard Audit File for CIT) implementation for large entities, monitoring of regulatory changes and their impact on reporting duties.
Representation and Risk Management: support during tax audits or inquiries related to real estate reporting, applications for individual tax rulings, internal tax reviews and due diligence for real estate portfolios.
Training and Workshops
Assistance in calculating minimum tax on revenues from buildings and submission of relevant forms – tax is applicable to commercial properties made available under lease, tenancy, or similar agreements. The tax rate is 0.035% monthly of the initial value of the building.

Get in touch with CRIDO today to learn more about how we can help your real estate company navigate the complexities of tax reporting. With our expert guidance, you can focus on building and managing your portfolio while we ensure compliance and optimize your tax position.

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