A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
If:
(a) an * amalgamating company makes a * taxable supply to an * amalgamated company in the course of * amalgamation ; and
(b) immediately after the amalgamation, the amalgamated company is neither * registered nor * required to be registered ;
(2)
This section has effect despite section 9-75 (which is about the value of taxable supplies).
Note:
The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.
Division 90 - Company amalgamations 90-10 Value of taxable supplies - amalgamated company not registered or required to be registered (1)If:
(a) an * amalgamating company makes a * taxable supply to an * amalgamated company in the course of * amalgamation ; and
(b) immediately after the amalgamation, the amalgamated company is neither * registered nor * required to be registered ;
the value of the taxable supply is the * GST exclusive market value of the supply.
(2)
This section has effect despite section 9-75 (which is about the value of taxable supplies).
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