Transfer of a Sole Trader Proprietorship through Transaction – Commercial and Tax Aspects

Authors

Keywords
sole trader, enterprise, taxable income, transfer of public legal obligations, tax deviation

Summary
This report provides an analysis of the legal framework of the transfer of a sole trader proprietorship through the deal. Discussed are some controversial issues related to the transfer of public duties in this type of transaction, as well as liability to the transferor. This paper examines the taxation of transactions with a sole trader discussed are cases in which it may be tax evasion. There have been suggestions for improvement and change in legislation concerning the taxation of income of the sole proprietor of transferring his business.

JEL: Ê34
Pages: 17
DOI: 

More titles

  • A Multi-Disciplinary, Social Constructivist Approach to Promoting Student Engagement, Retention and Achievement in Higher Education

    This article details a social constructivist-based methodology to learning English as a foreign language via a multi-disciplinary approach. The approach used bases learning in a novel, real-world situation so that learners can benefit from the experience of learning and gaining tacit knowledge within a scenario that is designed to enhance ...

  • Declaring Bankruptcy and Liquidation of Debtor’s Assets – Legal Nature and Legislative Principles

    Bankruptcy proceedings is a set of procedural steps taken consistently over time as a result of which are differentiated and relatively independent stages (phases) of the overall court proceedings. On this basis, this study analyses the declaration of the debtor's bankruptcy and the liquidation of his assets. The problems with theoretical and ...

  • Software-Defined Networks as a Basis for the Information Infrastructure of the Future

    Increasing information needs in the corporate sector changed the generally accepted conceptions for design and construction of modern computer networks. Nowadays, services and applications being developed require flexibility and efficiency when using the capacity of the communication channels. The existing network architectures have the potential ...