Exemption
Part 2 of the ordinance allows a merger without a tax event, provided that the merger is done for a business purpose and not for tax evasion.
Conditions
- Approval of the Director of the Tax Authority
- Continued holding of shares
- A real business purpose
- Transfer of all assets and liabilities
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.