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3.7. Tax Consequences of Acquisition or Loss of Tax Residence

When corporate fiscal residence is attained, the starting point in terms of taxation is the moment that their tax certificate is issued. In cases where a business is licensed, but a tax certificate is not registered for, the starting point may be set to the issuance of the business license.

When corporate fiscal residence is lost (such as company de-registration), an audit will take place as part of the process to establish any taxes owed. The point in time that the taxation period ends is at the completion of the audit, when all outstanding payments are made and approved by the local tax authorities.