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Tax exemptions available for “partial business transfers”

  • September 30, 2011
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On 18 April 2011 the Revenue Department passed Royal Decree No. 516 allowing for the exemption of VAT, Specific Business Tax and Stamp Duty in connection with a “partial transfer of business” between affiliated companies. The Revenue Department has since clarified the requirements to take advantage of these exemptions on 27 September 2011. Please read here for details.