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

  • 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 ...

  • Analysis of the Proportional Tax System in Bulgaria

    Proportional taxation with a single tax rate and the low tax rate policy intended to lower the shadow economy, increase tax revenues due the larger tax base, but also aimed to attract local and foreign investments, improving the employment situation, and finally to stimulate Bulgarian economy in the EU convergence process. Nearly a decade later ...

  • 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 ...