Financial Services

Banking

• Preparation of extensive tax settlement procedures based on accounting data;
• Analysis of tax issues related to the restructuring of bad loans portfolio, including the process of securitization with the use of investment funds;
• Developing procedures of calculating the provisions for loan receivables in tax settlements;
• Improvement of the procedure of recognition of receivables as non-collectible;
• Assistance in tax optimization of acquiring/selling of securities;
• Defining tax implications resulting from transactions on derivatives;
• Analysis of taxable income calculation on debt securities, in particular the principles of treatment of discount and interest included in the purchase price;
• Analysis of banking products: cash pooling, factoring, back-to-back and derivatives;
• Procedures of collecting personal capital income tax: design, implementation and updating;
• Analysis and optimization of settlements with financial agencies;
• Consulting on classification of costs in the scope of banking activities;
• Analysis of tax consequences of marketing campaigns.

Insurance

• Assistance in acquisition costs settlement;
• Analysis of contracts on outward and inward reinsurance;
• Analysis of the recognition of tax point on recourse receivables.
• Preparation and assistance in implementation and updating of the collecting of personal capital income tax procedures;
• Analysis of tax consequences of marketing campaigns;
• Review of procedures in the scope of investment activities;
• Analysis of the correctness of recognition of vindication costs.

Investment and Pension Funds

• Analysis of tax consequences of marketing campaigns;
• Preparation and assistance in implementation and updating of procedures of collecting personal capital income tax;
• Verification of tax status of investment funds in the light of double taxation treaties;
• Tax optimization of the Fund’s investments;
• Analysis of tax consequences of investment and pension funds take-overs as well the right to management contracts;
• Optimization of Fund’s activities in the scope of VAT;
• Analysis of possibilities to use the fund as an investment vehicle for qualified investors.

Brokers

• Preparation and assistance in implementation and updating of procedures of collecting personal capital income tax;
• Optimization in the scope of VAT;
• Assistance for the clients of broker's offices in tax optimization of stock placement on the Warsaw Stock Exchange.