#Walless Tax Cookies: Do not buy a tax debt!
2024 09 19
Do Not Buy a Tax Debt!
The Latvian tax authority continues to crack down on identifying business transfers designed to evade tax debts. Without court approval, SRS can independently determine if a business transfer has occurred. This would mean you acquiring not only some assets and rehire employees but also the seller’s tax debts.
How to Avoid Buying a Tax Debt?
Check carefully what you acquire and take over to avoid unintentionally assuming the seller’s tax debts!
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