Information only in English
The Reorganization Tax Act requires that taxpayers notify the tax authorities annually (i.e. by 31 May) of the status of shareholders if contributions in exchange for shares were made below fair market value under the Reorganization Tax Act, which has been in effect since 13 December 2006. If the taxpayer fails to notify the tax authorities by this deadline, the relevant contribution could become subject to retroactive taxation (see GTLN 3/2007 and GTLN 9/2007 for further information).
