We managed the books of a global automotive brand that started operations in the Wałbrzych Special Economic Zone through the entire investment phase until its completion, the start of production and the launch of own accounting department. During the two years of cooperation, in addition to providing ongoing accounting services, we kept a record of capital expenditure for reporting to the SEZ, settlement of the subsidy from the Ministry of Finance and internal reporting within the Group. The books passed the tax audit and the company received a VAT refund. At the same time, during the investment phase, we handled all administrative processes, such as keeping a record of incoming invoices, preparing transfer buckets, confirming settlements with suppliers and many more.

During the migration of accounting processes from GOBS to the company’s accounting department, we provided a VAT compliance service by maintaining twin VAT registers and ensuring that all data and processes were correctly transferred to the new system.

Since 2014, we have been keeping the accounts of several more companies in the investment phase, operating in SEZ, receiving subsidies, claiming VAT refunds and with specific reporting requirements.

In the course of migrating accounting processes from GOBS to the company’s accounting department, we provided VAT compliance services by maintaining twin VAT registers and ensuring the proper transfer of all data and processes to the new system. 

Having enriched ourselves with these experiences, from 2014 we have supplied accounting services for several more companies at the investment stage, operating in SEZs, receiving grants, applying for VAT refunds and with unique, stringent reporting requirements.