In this 17th REal Knowledge Newsletter we are presenting the latest news about changes in commercial real estate laws and tax regulations. This edition of the newsletter contains information about the REIT Act recently presented by the Ministry of Development and Technology and the most common challenges in the process of preparing consolidated financial statements.
Have an interesting read!
REITs have been a recurring topic in discussions about the potential development of the Polish real estate market, including how this market can be supplied with local capital. The assumptions to the REIT Act recently presented by the Ministry of Development and Technology allow us to be a bit more optimistic about the possibility of introducing the institution of REITs in Poland.
All matters relating to the preparation of consolidated financial statements are governed by the Accounting Act („Accounting Act”), the Regulation of the Minister of Finance on the detailed rules for the preparation of consolidated financial statements of capital groups by entities other than banks, insurance
and reinsurance undertakings, and the International Accounting Standards („IAS”).
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