2024 Tax Amnesty: FTS Issues Guidelines on Business Splitting Conditions, Criteria, and Eligibility.

The document provides clear explanations on three key aspects:

• The purpose of the tax amnesty in the context of business splitting
• Eligibility criteria for participation
• Procedure for discontinuing business splitting practices in the current year

Developed guidelines incorporate practical taxpayer cases and offer step-by-step instructions for voluntary discontinuation of business splitting schemes. Businesses can choose between two main approaches:

1. Without structural changes:

• Transitioning to the general taxation system
• Consolidating operations within a single company in the group

2. With structural reorganization:

• Merging multiple legal entities into a single company
• Establishing branch offices where business activities were previously carried out separately

This approach allows businesses to select the most suitable compliance strategy based on their operational structure.