Post by . on Mar 7, 2024 3:45:12 GMT -5
The as of the balance sheet date as well as capital reserves profit reserves previous years profits and previous years losses and net profit or loss of the period. It is expressed as covering. In case of capital reduction by corporations after the equity items are added to the capital the first thing to consider in the taxation process that should be done on this reduced amount is which element of the capital will be reduced and by how much. Capital elements that can be subject to reduction are essentially Equity items whose transfer to another account withdrawal from the business or transfer from the capital account to other accounts other than addition.
To the capital will be subject to corporate tax and profit distributiontax withholding depending on the amount transferred to the head office Equity items that will be subject to tax deduction only Austria Phone Numbers List based on profit distributionamount transferred to the head office Capital in kind and cash that will not be taxed if transferred to another account or withdrawn from the business They can be grouped into three classes as follows. In accordance with Article B of the Corporate Tax Law in case of capital reduction before the completion of five full years from the date on which the equity items are added to the capital the reduction will be deemed to have been made respectively.
From the capital items in classes I II and III in the above grouping are subject to any capital reduction after five full years have passed from the date they were added to the capital the capital elements within the amount subject to reduction will be determined by proportioning the capital elements in the said classifications to the total capital. In this context capital elements subject to capital reduction will be taxed in accordance with the relevant regulations in tax laws and special laws.
To the capital will be subject to corporate tax and profit distributiontax withholding depending on the amount transferred to the head office Equity items that will be subject to tax deduction only Austria Phone Numbers List based on profit distributionamount transferred to the head office Capital in kind and cash that will not be taxed if transferred to another account or withdrawn from the business They can be grouped into three classes as follows. In accordance with Article B of the Corporate Tax Law in case of capital reduction before the completion of five full years from the date on which the equity items are added to the capital the reduction will be deemed to have been made respectively.
From the capital items in classes I II and III in the above grouping are subject to any capital reduction after five full years have passed from the date they were added to the capital the capital elements within the amount subject to reduction will be determined by proportioning the capital elements in the said classifications to the total capital. In this context capital elements subject to capital reduction will be taxed in accordance with the relevant regulations in tax laws and special laws.