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Part 1  >  Section 4  >  Chapter 8. FULFILLMENT OF THE OBLIGATION TO PAY TAXES AND FEES


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ARTICLE 50. (3)  [Continuation]

6. In the case of division of a legal entity into several [one] legal entities, the legal entities resulting from such [two] division shall be recognized as successors with [three] respect to the obligation to pay taxes of the divided organisation.

[four] 7. Should there be several successors, [five] the share of each of them in the fulfillment of the obligation to pay [six] taxes and fees of the re-organized legal entity shall [seven] be determined in accordance with the procedure envisaged [eight] by civil legislation.

If the division balance sheet does [nine] not make it possible to determine the share [ten] of a successor in the reorganized legal entity, or rule out the possibility [one] of complete fulfillment of an obligation to pay taxes and fees [two] by any one of the successors, or if such re-organisation was [three] aimed at failure to fulfill the obligations to pay taxes [four] then, pursuant to a court decision, the newly emerged [five] legal entities may be liable jointly [six] and severally for fulfillment of the obligation to pay taxes of the reorganized [seven] legal entity.


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Feature conception:


Thus it appears, in what various ways Nature has taught man her first great lesson of love and union.

Nor did she give the same talents either in kind or in degree to all, evidently meaning that the inequality of her gifts should be ultimately equalized by a reciprocal interchange of good offices and mutual assistance.

Thus, in different countries, she has caused different commodities to be produced, that expediency itself might introduce commercial intercourse.


Desiderius Erasmus

The Complaint of Peace

   




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