Tuesday, July 12, 2016

Network Media Expert is divided into hundreds of small companies. Avoid tax? – Money.pl

Even 40 million zł per year can save Media Expert arising from trade tax. All the changes in the structure and distribution of several hundred smaller companies – to a similar manner to that in which operates in Poland Media Markt. Officially, a spokesman for the network explains the operation of the desire to improve management efficiency.

Between June 21 and July 7 was registered in the National Court Register of over 200 companies with limited liability. All have similar names: “Me Sxxx”, where instead of “xxx” is a three-digit number. All are located at ul. Nice 2, 00-180 Warsaw. They have a share capital of just 5 thousand. zł and lead retail sale of electrical household appliances. What’s more, they have the same President (Teresa Grzebita) and the owner (Terg S.A.).

The case? No – a move made retail chain Media Expert, part of what the company Terg. She is divided into smaller companies, which caught the “Puls Biznesu”. For now, KRS registered a total of nearly 290 such entities. Ultimately, they will probably be about 400 – one for each store network in Poland. At the end of March. there were exactly 397 in more than 300 cities.

Where did the idea for such fragmentation of the network structure? Assures Michael Mystkowski, a spokesman for the network electromarkets, it aims to improve the efficiency of management of individual shops. As a result, employees will be more motivated to achieve better results under the supervision of the management, which will include a portion of the shares in the company. This is not the new solution. A similar organizational structure networks Media Markt and Saturn.

But that change does not have to be dictated only “improving efficiency”. Media Expert greater benefits can derive from savings resulting from a lower tax burden mall or even the lack of having to pay it. Taking into account the revenues of Media Expert for 2015., Which amounted to about 4 billion zł annual burden arising from the new levies amount to year just over 40 million zł. So it is worth fighting for.

Interestingly, a few months ago, the company’s representatives claimed that they will not be shared.

– Germany work in this formula for years. We can not now be divided, because it could approach the action exclusively aimed at tax optimization. And then we had paid and taxes, and a financial penalty – said money.pl Marcin Filipowicz, proxy and shareholder of Media Expert.



How many trade tax would pay elektromarkety?
Network Revenues 2015 (in million zł) tax (million zł)
Media Markt / Saturn 4 600 52
Euro RTV AGD 4 500 51
Media Expert 4 000 44
Neonet 2 500 23
source: calculations based on reports money.pl annual estimates of their own, “the Republic of letters 500″

Recall that the tax – provided it is finally adopted – would be levied on 1 September. The law provides for tax-free amount of 17 million zł per month. Only after it exceeded revenues to the amount of 170 million zł per month will be levied at a rate of 0.8 percent. The surplus will be taxed at 1.4 percent.



Sales tax. Who and how many will pay?

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