GRATA International specialists have prepared a new publication "Tax Implications of Bankruptcy".
This material offers an overview of the main tax issues during bankruptcy proceedings, examining regulations across 6 countries: Belarus, Kazakhstan, Mongolia, Russia, Turkmenistan, and Uzbekistan. It explores key topics including taxes due during bankruptcy, handling of outstanding tax liabilities, secondary liability of shareholders, tax implications of asset sales, and risks for purchasers of bankrupt assets.
This publication serves as a valuable resource for businesses and legal professionals seeking to understand and manage tax obligations in bankruptcy scenarios across multiple legal systems.