Background
In Mergermarket’s 2023 Global & Regional M&A Rankings, Hamilton Locke ranked 6th in Australia for the highest volume of M&A deals, with 69 deals valued at USD738 million. This is the firm’s highest Mergermarket ranking and a significant jump from 13th place in 2022.
The Lindahl tax team summarises two items of good news in the sphere of tax that arise in the case of restructurings: the proposal by the Ministry of Finance concerning new rules on deductions for previous years’ losses and a ruling from the Supreme Administrative Court stating that refusing interest deductions for intra-group acquisitions of shares is contrary to EU law in some cases.
PROPOSAL FOR NEW RULES ON DEDUCTIONS FOR PREVIOUS YEARS’ LOSSES
Significant emerging factors and trends are increasing pressure on directors. After several years of relative stasis induced by the pandemic (when many businesses were supported by various government initiatives and bank flexibility, whilst also enjoying ATO and creditor patience), there is a distinct whiff of change in the air. This year, we might see a move back to a more ‘normal’, pre-COVID setting. If so, there will be pressures for some, and opportunity for others.
In recent months, there have been a few changes regarding MVLs, which we set out below as a helpful reminder to practitioners.
Statements of Solvency
Copies Only
S89 of the Insolvency Act 1986 sets out the requirements for a statutory declaration of solvency where it is proposed that a company is wound up on a solvent basis.
In deze blog signaleren wij kort enkele belangwekkende bestuursrechtelijke en omgevingsrechtelijke uitspraken van de afgelopen periode.
Hoge Raad: regeling proceskostenvergoeding voor fiscale bezwaarprocedures mogelijk in strijd met discriminatieverbod (art. 1 Grondwet)
HMRC has recently updated its published guidance on the effect of insolvency on existing VAT groups following appointment of an insolvency practitioner.
The updated guidance
The updated guidance provides that:
Lindahs skattegrupp sammanfattar två positiva nyheter på skatteområdet som aktualiseras vid omstruktureringar; Finansdepartementets förslag om nya avdragsregler för tidigare års underskott, samt en dom från HFD som konstaterar att nekat ränteavdrag vid koncerninterna förvärv av aktier i vissa fall strider mot EU-rätten
Förslag om nya regler om avdrag för tidigare års underskott
Den 22 januari 2024 publicerade Finansdepartementet en promemoria där man föreslår ändringar av reglerna om avdrag för tidigare års underskott.
このたび、森・濱田松本法律事務所アジアプラクティスグループでは、東南・南アジ ア各国のリーガルニュースを集めたニュースレター、MHM Asian Legal Insights第160 号（2024 年 2 月号）を作成いたしました。今後の皆様の東南・南アジアにおける業務 展開の一助となれば幸いに存じます。 ※本レターに記載した円建て表記は、ご参照のために、各現地通貨を現在の為替レー トで換算したものとなります。
マレーシアの Income Tax Act 1967 が改正され、2024 年 1 月 1 日より、一定の会社 の株式の譲渡益はキャピタルゲイン課税の対象となりました。改正後も個人による譲渡 については課税対象外とされていますが、会社等の法人による譲渡の場合は一定の課税 が生じます。 2024 年 1 月 1 日からの譲渡益課税の対象となるのは、以下の会社の株式の譲渡益で す。
We are happy to present the tenth issue of our e-magazine – Trilegal Quarterly Roundup.
This issue features:
• Intellectual Property Diligences from an Insolvency Lens
• A Roadmap for 100% Biomass-based Energy Solutions