The National taxation Administration (KAS) begins a real revolution in the marketplace for the sale of assets occupied during execution. The government has rather low prices obtained on private platforms and launches its own state strategy – eLiction portal. This is simply a fundamental change that aims to increase the gross to the state budget, but at the same time it can completely shuffle cards for chance hunters. The task published by the Government Legislative Centre assumes full control of the process, which means the end of the existing cooperation with private companies.
For thousands of Poles looking for real property or cars at occasional prices, this change can be both a chance and a threat. On the 1 hand, auctions will become available to everyone, regardless of their place of residence. On the another hand, greater competition can mean the end of an era of highly inexpensive purchases. The fresh rules are to enter into force at an express pace, suggesting that the state machinery is already full operational.
No more private brokers. Government takes full control
Until now, the National taxation Administration has commissioned auctions of occupied movable and external property, private entities. Although the strategy has been operating for years, it has raised expanding concerns, mainly due to low final prices obtained during the sale. Private companies charged commissions on each transaction, which further depleted the proceeds going to the Treasury. Now the government says “enough” and decides to take matters into its own hands.
Launch of the state portal eLimitations It's a strategical decision to cut off intermediaries. The main nonsubjective is to maximize the proceeds of execution. The state no longer wants to share gross and intends to manage the full process itself, from bidding to finalising it. This means that private portals that have previously dominated this marketplace may lose a crucial origin of income. This decision is part of a wider trend in centralisation and recovery of control over key economical processes.
Taking control is not just a financial matter. It is besides possible to full supervise the bidding process, transparency and data security. The State will no longer gotta trust on the technologies and regulations of external suppliers, capable of shaping the rules according to its own needs and fiscal policy objectives.
More competition and higher prices. What does this mean for buyers and debtors?
One of the key arguments for creating a portal eLimitations is willing to increase the availability of auctions. So far, many of them have required physical exposure, which naturally limited the scope of possible buyers to those in the immediate vicinity. A smaller number of bidders frequently led to the sale of assets at prices well below marketplace prices. The fresh nationwide online strategy is expected to completely change that.
For possible buyers, this means, on the 1 hand, immense facilitation. They will be able to bid on properties, cars or another valuables from anywhere in Poland, utilizing only a computer or smartphone. On the another hand, increased competition It will inevitably lead to higher prices. The chance to buy an flat for a fraction of the value can become uncommon erstwhile investors from all over the country fight for the same place. Nevertheless, access to a wider pool of offers can be attractive to many people.
Interestingly, higher sales prices may benefit the debtors themselves. Although they are losing their assets, the higher amount obtained from the bidding means that most of their debt will be repaid. In the current system, debtors frequently remained with the property sold at a low price and inactive a immense balance of debt to be paid. A fresh solution, though harsh, may be more fair to them.
eLictions integrated with the Enforcement system. Full centralisation and security
The fresh portal is not just a website to bid on. It's part of a larger state digital puzzle. Key feature of the strategy eLimitations to be full integrated into the existing ICT strategy Enforcement. specified synergies will guarantee a smooth and automated flow of information between the various stages of the enforcement procedure – from the acquisition of assets to the settlement of funds from its sale.
Centralising the full process in the hands of 1 institution, which is National taxation Administration, has any fundamental advantages. Firstly, it eliminates the hazard of errors and delays resulting from communication with external companies. Secondly, it importantly improves safety. delicate data on debtors, their assets and auctions will no longer be entrusted to private entities. They will be processed and stored inside safe state systems.
Full control of the platform besides gives the government flexibility in shaping the rules. KAS will be able to dynamically modify the rules, price thresholds or procedures, reacting to the current marketplace situation without having to renegotiate agreements with external partners. This is simply a strategical advantage to guarantee maximum efficiency of administrative execution.
When does the fresh strategy start? Changes will enter into force in an express manner
According to the bill, the fresh rules are to enter into force in a very short time – only 14 days from the date of their publication in the diary of Laws. specified an express pace of implementation suggests that preparations for the launch of the eLiction portal have been ongoing for months and the platform itself is most likely already technically ready for launch. The government does not want to hold the implementation of the changes that are intended to bring tangible budgetary benefits.
For all curious – both investors and people looking for opportunities – this means that we request to closely follow the messages of the Ministry of Finance and National taxation Administration. The minute of launch of the portal will mean the definitive end of the old rules and the beginning of a fresh era in taxation auctions. It is worth preparing for these changes now, in order to make full usage of the opportunities that the fresh centralised strategy will open.
In summary, the state eLiction portal is 1 of the most crucial changes in the strategy of execution for years. It will bring greater transparency, accessibility and, most importantly, higher revenues for the state. For citizens, this will mean a revolution in access to the auctioned assets, although most likely at the expense of less spectacular price opportunities.
Continued here:
The IRS is launching its own portal. Poles buy inexpensive apartments from debtors?
