Post by . on Mar 7, 2024 8:43:41 GMT
The stipulated that the profits arising from the transactions carried out within the scope of the th article will not be calculated and taxed. In this context the first and second paragraphs of Article of the Law define a special type of merger as transfer and transactions carried out between fully liable institutions based on registered values and by taking over in bulk are considered transfers. In full division transactions a fully liable capital company is dissolved without liquidation and transfers the assets.
On its balance sheet to two or more existing or newly established fully liable capital companies at their registered values and in return the partners of the transferring capital company are given participation shares representing the newly established corporate capital. Partial division transactions are defined as the transfer of one or more of the immovable properties Austria Phone Numbers List articipation shares or production or service enterprises included in the balance sheet and held for at least two full years as capital in kind under certain conditions to an existing or newly established fully liable capital company based on their registered values. In partial division transactions the shares of the acquiring company acquired in return for the transferred assets may remain in the transferring company or may be given directly to the partners of this company. In cases where shares are given to partners capital reduction must be made in the divided company.
On the other hand before both transfer transactions and full and partial division transactions the capital of the transferred or divided institution may contain equity capital items other than inkind and cash capital that will be subject to corporate tax andor tax withholding if transferred to another account or withdrawn from the business. Capital Decrease After Transfer Transactions In transfer transactions carried out within the scope of Article of the Corporate Tax Law the accounts in the transferred companys balance sheet must be transferred to the balance sheet.
On its balance sheet to two or more existing or newly established fully liable capital companies at their registered values and in return the partners of the transferring capital company are given participation shares representing the newly established corporate capital. Partial division transactions are defined as the transfer of one or more of the immovable properties Austria Phone Numbers List articipation shares or production or service enterprises included in the balance sheet and held for at least two full years as capital in kind under certain conditions to an existing or newly established fully liable capital company based on their registered values. In partial division transactions the shares of the acquiring company acquired in return for the transferred assets may remain in the transferring company or may be given directly to the partners of this company. In cases where shares are given to partners capital reduction must be made in the divided company.
On the other hand before both transfer transactions and full and partial division transactions the capital of the transferred or divided institution may contain equity capital items other than inkind and cash capital that will be subject to corporate tax andor tax withholding if transferred to another account or withdrawn from the business. Capital Decrease After Transfer Transactions In transfer transactions carried out within the scope of Article of the Corporate Tax Law the accounts in the transferred companys balance sheet must be transferred to the balance sheet.