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Arrangements to ensure tax neutrality of spin-off adopted

|Approved Changes|Czech Republic
Czech Republic

On 21 June 2007, the Ministry of Finance issued a notification regarding the tax treatment of spin-offs (rozdeleni odstepenim), a new form of reorganization under the Commercial Code. As previously reported), the Income Taxes Act (ITA) currently does not contain provisions to ensure, in line with the Merger Directive 90/434/EE., the tax neutrality of spin-offs. The Ministry has pre…

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