Transfer of business liability: transferee shares joint and several responsibility for tax, interest and penalties arising before or at transfer. Liability for tax obligations on transfer of business attaches jointly and severally to transferor and transferee for tax, interest or penalty due from ... Summary
Transfer of business liability: transferee shares joint and several responsibility for tax, interest and penalties arising before or at transfer.
Liability for tax obligations on transfer of business attaches jointly and severally to transferor and transferee for tax, interest or penalty due from the transferor up to the time of transfer, whether determined before or after transfer; the transferee is liable for tax on supplies from the date of transfer and must, if registered, apply within the prescribed time to amend the certificate of registration.
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