The requirement of conformity between book-keeping and taxation for tax-neutral transfer of assets has now been removed from the Business Income Tax Act. Accordingly, a tax-neutral transfer of assets may now be implemented by using fair market values for the transferred assets and liabilities instead of book-values. However, the transferring company would still be subject to tax for the part of the purchase price that has not yet been deducted for tax purposes.
For further information, please contact Mr. Niklas Thibblin at niklas.thibblin@ww.fi.