DISSOLUTION AND WINDING UP – ANALYSING THE TAX CONSIDERATIONS

Approaching the end of an company’s life could be a tough decision, yet an array of issues may complicate the process further. However, planning the steps ahead and managing the risks associated therewith shall facilitate the process. Various legislative implications are to be considered in the final stages of company’s life cycle. Income tax, VAT and duty considerations should be evaluated whilst approaching dissolution and during the winding up process. The seminar shall look into the potential tax considerations outlined in the Maltese tax legislative framework and also the tax compliance obligations that are to be undertaked during the course of winding down the affairs of a company. A number of cases shall be reviewed and discussed.