arm’s length principle; the obligation to establish transfer prices on the same terms as unrelated entities would establish; market price in real property sector; asset approach; the income approach; the comparative approach.
What is market price?
The Act of 28 July 1983 on Polish inheritance and gift tax defines the market value of goods or services. It turns out that this value is determined based on average prices used in the trade of goods of the same type and kind, taking into account their location, condition and degree of wear and tear, as well as in the trade of property rights of the same type. In other words, it is the highest price at which the buyer is willing and able to acquire a given good, as well as the lowest that the seller can agree to.
KIELTYKA GLADKOWSKI KG LEGAL, as a proud member of Life Science Cluster, took part in LieScience4EU Conference, devoted to life science of the future; technology, innovation and policy.
LifeScience4EU Conference 2025, held under the Polish Presidency of the Council of the European Union, brought together top experts to explore how biotechnology, digital health, and next-generation medical technologies can drive meaningful change. By aligning innovation with policy and regulation, the conference aimed to build a more resilient and competitive European healthcare sector.
Entities authorized to submit an application for a tax interpretation
The entity entitled to obtain an interpretation is the “interested party”. The regulations do not define the concept of interested party. It is assumed that the group of entities entitled to obtain an interpretation includes entities listed in the provisions of art. 14a-14p of the Polish Tax Ordinance, which are: taxpayers, payers, collectors, third parties responsible for tax liabilities – regardless of whether the interpretation concerns their current or future situation; persons who have or may have tax arrears, referred to in art. 52 § 1 of the Tax Ordinance; persons planning to establish a company – in matters related to the future situation of this company, as well as entrepreneurs intending to establish a branch or representative office – in matters related to the future situation of this branch or representative office.
Venture capital financing is an institution that is well-rooted in legal regulations, including EU regulations, concerning the support of small and medium-sized enterprises. The article focuses on EuVECA and EuSEF funds, which have been regulated in detail in two EU regulations, along with the registers managing EuVECA and EuSEF, including the objectives and functions of these registers and the conditions that funds must meet in order to be able to register under this institution.
