https://www.taxtmi.com/acts?id=49231 Continuity rules for the tonnage tax scheme on amalgamation require a qualifying amalgamated company to adopt the scheme, with a non tonnage amalgamated company required to opt into the scheme within three months of scheme approval; where amalgamating companies are tonnage tax companies, the amalgamated company continues under the scheme for the longest unexpired option period. On demerger, the resulting company inherits the unexpired tonnage tax period if qualifying, and the demerged company's option remains in force for the unexpired period, all subject to other Part provisions. en-us Fri, 14 Feb 2025 17:51:05 +0530 Fri, 14 Feb 2025 17:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49231 Continuity rules for the tonnage tax scheme on amalgamation require a qualifying amalgamated company to adopt the scheme, with a non tonnage amalgamated company required to opt into the scheme within three months of scheme approval; where amalgamating companies are tonnage tax companies, the amalgamated company continues under the scheme for the longest unexpired option period. On demerger, the resulting company inherits the unexpired tonnage tax period if qualifying, and the demerged company's option remains in force for the unexpired period, all subject to other Part provisions. Act-Rules Bills Fri, 14 Feb 2025 17:51:05 +0530 https://www.taxtmi.com/acts?id=49231