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Non-Deductible Expenses Under Article 15e of the CIT Act after Changes Introduced by the Polish Deal

28 March 2022
Piotr WYRWA, Wawrzyniec ŻBIKOWSKI
Article 15e, in force until the end of 2021, limited the taxpayer’s right to treat expenses on intangible services purchased from related parties as tax-deductible costs. This provision caused many concerns, and it seems that they continue despite the fact that the said provision has been repealed…
RSM_Poland_Graphic_Business_Valuation

Business valuation: who and to what extent should do it when a company is being sold?

12 October 2021
Krzysztof CIESIELSKI
If the seller wants to land a good price and the buyer wants to avoid overpaying, the transaction of selling a business must be supported with a reliable valuation of the acquired company. But who should do it and how should it be done in order for the valuation report to be credible?

Due diligence – in Poland and abroad

25 May 2017
Łucja PADRAK
In March, RSM Poland participated in the European conference on due diligence. The meeting with transaction advisors from across Europe allowed for the exchange of experience and views concerning methods of conducting due diligence, which are different in Poland compared to Western countries.

Can you take over any company?

4 March 2016
Bartosz MIŁASZEWSKI
At a certain stage of life of a company the owners may be considering its selling off. This may be due to a difficult market situation, synergies stemming from the merger with another entity, the age of the owners or their new plans for the future and the many diverse factors. Not every company, however, is in the position to be taken over. Well, maybe this is too strong a statement – any company is capable of being acquired, however, the price is not always attractive to the seller. Often one can hear about companies being bought “for a dime” and it does not always apply to companies in debt. Why is it that some companies change their owners under good conditions and others are never taken over?

Due diligence – a service worth millions

1 March 2015
Bartosz MIŁASZEWSKI
Let's say I purchased a company and... ... not everything is quite as I had assumed, although nobody was trying to cheat me. Does that sound familiar? I fear it does. In my job I work with people who are in charge of deciding whether to acquire another company, and if so – for what price. In the course of negotiation the price is usually established as a multiple of EBIT/EBITDA/net profit. I am personally not a supporter of this method. In my opinion it is much better to evaluate a company using the DCF methods in three scenarios: positive, neutral and negative. But who has time for such things these days? Due to its simplicity the multiple method is gaining many supporters among decision-makers.