who is dani campbell dating - Tax implications of liquidating a company

To the extent the participation exemption applies, a gain or loss on the shares in qualifying subsidiaries is tax exempt.

Accumulated tax losses or tax credits will usually vaporize upon liquidation.

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However in daily practice the liquidation of a BV may become burdensome and time consuming, in particular if the financial position of the company is not clear at the moment of liquidation or if there are more shareholders which are entitled to a stake in the companies assets/ liabilities.

Also the tax aspects of the liquidation may be a complicating factor.

It is common that in the same resolution the former directors are discharged from their corporate liabilities.

In the event that the company has a Supervisory Board, this body should approve the shareholders' resolution to dissolve the company.

The resolution to dissolve and liquidate must be registered with the Trade Register of the Chamber of Commerce.

As from the moment of the dissolution, the Dutch words "" should be added to all publications, letters and announcements of or by the company.

The liquidation of a Dutch BV is a relatively easy and smooth procedure.

Under certain circumstances it is even possible to liquidate a BV with an single shareholder's resolution (the so-called turbo liquidation; see below) !

The Trade Register of the Chamber of Commerce must be notified of the termination of the liquidation procedure, and of the name and address of the custodian of the corporate books and records.

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