Post by joita9865 on Oct 28, 2023 8:19:08 GMT
A subsidiary, or more precisely a subsidiary, was regulated in the Accounting Act of September , . Pursuant to this provision, a subsidiary is understood as an entity that is a commercial company or an entity established and operating in accordance with the provisions of foreign commercial law, controlled by the parent company. Participation in a group of companies As we read in the literature on the subject, Article is the opening provision of the so-called regulation introduced in force from October , into the Commercial Companies Code. holding law law of groups of companies.
This regulation applies only to private law relations between the parent company and its subsidiaries, which are capital philippines photo editor companies, and does not affect the sphere of public law, including tax law. This means that the provisions of the Commercial Companies Code regarding groups of companies do not exempt related entities, within the meaning of the provisions on transfer pricing, from tax obligations, in particular from the application of the arm's length principle see the justification for the draft amendment act - Sejm form No.Commentary updated to art. - of the Commercial Companies Code.
Pursuant to the provisions of Art. Commercial Companies Code: The parent company and the subsidiary company that participate in a group of companies are guided, in addition to the interests of the company, by the interests of the group of companies, unless this is intended to harm creditors or minority partners or minority shareholders of the subsidiary company [cf. ยง ]; The meeting of shareholders or the general meeting of a subsidiary company adopts, by a majority of three-fourths of votes, a resolution on participation in a group of companies with an indication of the parent company.
This regulation applies only to private law relations between the parent company and its subsidiaries, which are capital philippines photo editor companies, and does not affect the sphere of public law, including tax law. This means that the provisions of the Commercial Companies Code regarding groups of companies do not exempt related entities, within the meaning of the provisions on transfer pricing, from tax obligations, in particular from the application of the arm's length principle see the justification for the draft amendment act - Sejm form No.Commentary updated to art. - of the Commercial Companies Code.
Pursuant to the provisions of Art. Commercial Companies Code: The parent company and the subsidiary company that participate in a group of companies are guided, in addition to the interests of the company, by the interests of the group of companies, unless this is intended to harm creditors or minority partners or minority shareholders of the subsidiary company [cf. ยง ]; The meeting of shareholders or the general meeting of a subsidiary company adopts, by a majority of three-fourths of votes, a resolution on participation in a group of companies with an indication of the parent company.