Exemption Guide for the Sale of Real Estate and Subsidiary Shares by Corporations

EXEMPTION GUIDE FOR THE SALE OF REAL ESTATE AND SUBSIDIARY SHARES BY CORPORATIONS

The Revenue Administration has published the "Exemption Guide for the Sale of Real Estate and Subsidiary Shares by Corporations", explaining the corporate tax and value added tax exemptions applicable to the sale of real estate and subsidiary shares, founding shares, usufruct shares and pre-emptive rights held in corporations' assets.

The sections of this guide cover: Introduction; A. Exemptions for Real Estate (Corporate Tax and VAT exemptions including scope, conditions, two-year holding requirement, special provisions); B. Exemptions for Subsidiary Shares, Founding Shares, Usufruct Shares and Pre-Emptive Rights (Corporate Tax and VAT exemptions).