Polish tax authorities have forgotten about at least a dozen new apartment buildings and other locations, whose residents are unsure where to file their tax statements. The issue came up as stock market investors living at ul. Górczewska in Warsaw found they have nowhere to send their PIT8-C capital gains tax statements.
Officials at Urząd Skarbowy says you still have to pay taxes even if they don?t know where you live, the only difference is you can file your PIT forms anywhere you like.
Equity markets
Zetkama slides on IPO
Rights to shares of Zetkama industrial fittings manufacturer fell 8.9 percent to close at 12.75 zloty on their first day of trading despite strong demand from retail investors during the company?s IPO late last month. Zetkama, from Kłodzko in south-western Poland, sold 850.000 shares at 14 zloty each, near the bottom of initial pricing range of 14 to 17 zloty. The IPO was five times oversubscribed by retail investors, while institutions bought just 29.000 shares. Zetkama?s main shareholder, Riverside private equity fund made a last minute decision to call off planned sale of 1.67 million existing shares.
Rights to shares are a special instrument used on the Polish bourse to speed up listing of new stocks before their IPOs are officially registered. Typically, each right represents one share of common stock.
