A comprehensive draft of changes to the tax ordinance

The Ministry of Finance is working on the amendment of the tax ordinance. The proposed changes are extensive, and some of them are revolutionary and long-awaited, although the proposed solutions are still far from being ideal. Taxpayers may welcome the idea that the initiation of proceedings under the criminal fiscal code would no longer suspend the limitation period for a tax liability, and that tax liabilities secured by a mortgage or a lien could be statute-barred. However, some unfavorable changes are also planned, e.g. extending the possibilities of the tax office in the scope of blocking accounts.

New developer act – summary of selected changes

Most of the provisions of the so-called developer act entered into force as of July 1, 2022. The main objective of the new regulations is to increase the protection of buyers of residential premises or houses from the primary market. The Act imposes on developers the obligation to provide the buyer with a wider range of information about the real property, as well as the presumption of defects recognition in the premises or a house. The new regulations also impose on developers the obligation to pay contributions to a special guarantee fund.