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Tax treatment of mergers and divisions of companies

By means of recent amendments to the Income Tax Act, implemented through the Budget Measures Implementation Act XII of 2023 published on the 4th April 2023, Article 27A has been amended so that the transfers that qualify for special treatment due to restructuring will also include transfers between companies and persons that are related to […]

Written By Stephen Balzan

On June 12, 2023
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By means of recent amendments to the Income Tax Act, implemented through the Budget Measures Implementation Act XII of 2023 published on the 4th April 2023, Article 27A has been amended so that the transfers that qualify for special treatment due to restructuring will also include transfers between companies and persons that are related to such companies, provided they meet the conditions that are specified in the rules.  New rules are intended to be published by the Commissioner to implement these measures.

This measure comes into force on the 4th April 2023 i.e. date of publication.

How can we help?  

 

For further information, please contact us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT rules and how these can impact your business.   

 

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on +356 21378672 or send us an email on [email protected]. 

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