go into action – Muhasebe News https://www.muhasebenews.com Muhasebe News Thu, 16 Aug 2018 07:17:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 If the Corporation is handed over after it goes into Action, How Can the Transferor and the Transferee Benefit from Reduced Corporate Tax? https://www.muhasebenews.com/en/if-the-corporation-is-handed-over-after-it-goes-into-action-how-can-the-transferor-and-the-transferee-benefit-from-reduced-corporate-tax/ https://www.muhasebenews.com/en/if-the-corporation-is-handed-over-after-it-goes-into-action-how-can-the-transferor-and-the-transferee-benefit-from-reduced-corporate-tax/#respond Thu, 16 Aug 2018 14:00:04 +0000 https://www.muhasebenews.com/?p=14332 If the Corporation is handed over before it goes into action or after it partially or completely goes into action, the transferor and the transferee may benefit from reduced corporate tax as they fulfill the conditions stated below:

1- If the Corporation is handed over before it goes into action: The transferee can benefit from reduced corporate tax if they fulfill all the conditions stated in the related legislation.

2- If the Corporation is handed over before it goes into action: It is not possible for the transferor to benefit from reduced corporate tax with reference to that corporation.

3- If the Corporation is handed over after it partially or completely goes into action: The transferor (from the date of reduced corporate tax until the transfer date) and the transferee (after the transfer) can benefit from it as they fulfill all the conditions stated in the related legislation.

Source: Corporate Tax Law

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/if-the-corporation-is-handed-over-after-it-goes-into-action-how-can-the-transferor-and-the-transferee-benefit-from-reduced-corporate-tax/feed/ 0