VATupdate

Share this post on

Transfer of Going Concern – article 257 bis – new wording

For deeds signed as of the entry into force of the finance law for 2023, the tax clause should be modified to take into account the new wording of article 257 bis of the CGI.

Article 257 bis will in fact be drafted as follows: ”  During the transmission for consideration, free of charge or in the form of contribution to a company of a total or partial universality of goods carried out between persons liable for the tax on the added value, no delivery of goods or provision of services is deemed to have taken place.

 The joining or leaving of a taxable person as a member of a single taxable person constituted pursuant to article 256 C constitutes the transfer of total universality benefiting from the provisions of this article.

The beneficiary is deemed to continue the person of the assignor, in particular for the adjustments of the tax deducted by the latter, as well as, if necessary, for the application of the provisions of e of 1 of Article 266, of article 268 or article 297 A.  ”

Source Taximmo

Sponsors:

VAT news
VAT news

Advertisements: