tatiania
Apprentice
Joined: 23 May 2005
Posts: 1
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 Posted: 03/27/08 - 03:31 Post subject: |
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| First, you should decide whether you want to sell the assets or the shares of your company. It is possible that selling shares may be VAT unrecoverable, but the sale of assets can also be subject to VAT or VAT free. If the sale falls within various stipulated conditions, it is outside the scope of VAT and not treated as supply of goods or services. If your company is VAT registered you should cancel your registration or transfer registration to the new owner. You should also make profit and loss statements, tax return, relevant leases available to the buyer. |
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