Tax on corporate transactions: Country Q&A tool

Search the Country Q&A in the Tax on Transactions Global Guide by question and jurisdiction.

Step 1: Check the boxes to select the questions and the jurisdictions for comparison.
Step 2: Click the "submit" button.
Step 3: Scroll down to view answers and check law stated dates for each jurisdiction.

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Tax authorities

1. What are the main authorities responsible for enforcing taxes on corporate transactions in your jurisdiction?
 

Pre-completion clearances and guidance

2. Is it possible to apply for tax clearances or obtain guidance from the tax authorities before completing a corporate transaction?
 

Main taxes on corporate transactions

Transfer taxes and notaries' fees

3. Is it necessary to disclose the existence of any corporate transactions to the tax authorities?
 

Corporate and capital gains taxes

4. What are the main corporate and/or capital gains taxes potentially payable on corporate transactions?
 

Value added and sales taxes

5. What are the main value added and/or sales taxes potentially payable on corporate transactions?
 

Other taxes on corporate transactions

6. Are any other taxes potentially payable on corporate transactions?
 

Taxes applicable to foreign companies

7. In what circumstances will the taxes identified in Questions 3 to 6 be applicable to foreign companies (in other words, what "presence" is required to give rise to tax liability)?
 

Dividends

8. Is there a requirement to withhold tax on dividends or other distributions?
 

Share acquisitions and disposals

Taxes potentially payable

9. What taxes are potentially payable on a share acquisition/share disposal?
 

Exemptions and reliefs

10. Are any exemptions or reliefs available to the liable party?
 

Tax advantages/disadvantages for the buyer

11. Please set out the tax advantages and disadvantages of a share acquisition for the buyer.
 

Tax advantages/disadvantages for the seller

12. Please set out the tax advantages and disadvantages of a share disposal for the seller.
 

Transaction structures to minimise the tax burden

13. What transaction structures (if any) are commonly used to minimise the tax burden?
 

Asset acquisitions and disposals

Taxes potentially payable

14. What taxes are potentially payable on an asset acquisition/asset disposal?
 

Exemptions and reliefs

15. Are any exemptions or reliefs available to the liable party?
 

Tax advantages/disadvantages for the buyer

16. Please set out the tax advantages and disadvantages of an asset acquisition for the buyer.
 

Tax advantages/disadvantages for the seller

17. Please set out the tax advantages and disadvantages of an asset disposal for the seller.
 

Transaction structures to minimise the tax burden

18. What transaction structures (if any) are commonly used to minimise the tax burden?
 

Legal mergers

Taxes potentially payable

19. What taxes are potentially payable on a legal merger?
 

Exemptions and reliefs

20. Are any exemptions or reliefs available to the liable party?
 

Transaction structures to minimise the tax burden

21. What transaction structures (if any) are commonly used to minimise the tax burden?
 

Joint ventures

Taxes potentially payable

22. What taxes are potentially payable on establishing a joint venture company (JVC)?
 

Exemptions and reliefs

23. Are any exemptions or reliefs available to the liable party?
 

Transaction structures to minimise the tax burden

24. What transaction structures (if any) are commonly used to minimise the tax burden?
 

Company reorganisations

Taxes potentially payable

25. What taxes are potentially payable on a company reorganisation?
 

Exemptions and reliefs

26. Are any exemptions or reliefs available to the liable party?
 

Transaction structures to minimise the tax burden

27. What transaction structures (if any) are commonly used to minimise the tax burden?
 

Restructuring and insolvency

28. What are the key tax implications of the business insolvency and restructuring procedures in your jurisdiction?
 

Share buybacks

Taxes potentially payable

29. What taxes are potentially payable on a share buyback? (List them and cross-refer to Questions 3 to 6 as appropriate.)
 

Exemptions and reliefs

30. Are any exemptions or reliefs available to the liable party?
 

Transaction structures to minimise the tax burden

31. What transaction structures (if any) are commonly used to minimise the tax burden?
 

Private equity financed transactions: MBOs

Taxes potentially payable

32. What taxes are potentially payable on a management buyout (MBO)?
 

Exemptions and reliefs

33. Are any exemptions or reliefs available to the liable party?
 

Transaction structures to minimise the tax burden

34. What transaction structures (if any) are commonly used to minimise the tax burden?
 

Reform

35. Please summarise any proposals for reform that will impact on the taxation of corporate transactions.
 
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