Limited agreed upon tax procedures for asset deals | KPMG | PL

Limited agreed upon tax procedures for asset deals

Limited agreed upon tax procedures for asset deals

Depending on whether the assets to be acquired are considered as an enterprise or assets, VAT and transfer tax implications may vary significantly

Tax implications differ significantly for the purchase of an asset vs. an enterprise

The procedures include analysis of the subject of the transaction in order to determine the tax consequences of the acquisition (depending on whether the assets to be acquired are considered as an enterprise or individual assets, VAT and transfer tax implications may vary significantly), VAT analysis of assets to be acquired (including VAT history) in order to determine whether the purchase of the assets would be subject to VAT or if any exemptions apply. As a standard procedure, we obtain a tax ruling confirming the VAT/ transfer tax treatment of the proposed transaction. As part of the procedures, we may also verify the property purchase agreement with respect to tax clauses.

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