PwC

Tax & Legal

Tax & Legal

Distinction between the interruption of a business and its termination


In its judgment of 18 July 2018 published on 23 July 2019, the Supreme Tax Court decided that, where – looking at the situation from an objective point of view – it would be possible for the taxpayer to continue his business, it should be considered as interrupted rather than terminated. Furthermore, the Court held that the taxpayer could not submit a termination declaration and retain the business infrastructure without making any significant changes. Continue reading