VAT and Stamp Duty on business transfer

November 7, 2018

The transfer of a business as a whole, or a function or part of it, because of sale or gift or in the form of a contribution to an existing or under formation legal entity, shall not be subject to VAT if the person acquiring it continues the work of the predecessor. This transfer is subject to stamp duty, as provided for by the existing provisions of the Stamp Duty legislation.