The original company dissolves, and all its assets/liabilities are split between two or more recipient companies.
In the Italian tax system, (Split Payment) is a VAT mechanism used primarily in transactions with public administrations or listed companies.
Instead of paying the VAT to the supplier, the buyer "splits" the payment: they pay the taxable amount to the supplier and pay the VAT amount directly to the Treasury.
A specific type of demerger where shares of the new entity are assigned directly to the transferring company rather than its shareholders.
The original company continues to exist but spins off a portion of its assets/liabilities to another entity.
Scissione Link
The original company dissolves, and all its assets/liabilities are split between two or more recipient companies.
In the Italian tax system, (Split Payment) is a VAT mechanism used primarily in transactions with public administrations or listed companies.
Instead of paying the VAT to the supplier, the buyer "splits" the payment: they pay the taxable amount to the supplier and pay the VAT amount directly to the Treasury.
A specific type of demerger where shares of the new entity are assigned directly to the transferring company rather than its shareholders.
The original company continues to exist but spins off a portion of its assets/liabilities to another entity.