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Circulars n.13 / 2009 - Determination of the capital gain on the sale of Start Up

Determination of the capital gain on the sale of Start Up

This circular intends to provide clarifications regarding the facilitation introduced by Decree Law no.112 of 25 June 2008, converted by Law no.133 of 6 August 2008 (hereinafter Maneuver of Summer 2008) which inserted the new paragraphs 6 and 6-ter in article 68 of the Consolidated Law on Income Taxes (TUIR).

The legislation is also addressed in the light of the clarifications provided by the Ministerial Circular No. 15 of 10 April 2009.

Topics index

  1. Bonus for reinvestments in Start Up
  2. Requirements
    1. Subjective
    2. Objective
    3. Temporal
  3. Effects and terms of the reinvestment
  4. Loss of benefit
    1. Declarative regime
    2. Administered savings regime
    3. Managed savings regime
    4. Closure of relations with the intermediary
  5. Maximum limit on exemption
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Circulars 2009

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