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  • Transformation into general partnership is favorable for tax purposes
Alert:

Transformation into general partnership is favorable for tax purposes

07 April 2021

Rafał Kowalski, Head of Tax Department, Qualified Tax Advisor |

A general partnership formed in 2021 from a limited partnership will not become CIT taxable if prior to the registration of the transformed general partnership the entity being transformed (limited partnership) submits information about the taxable persons who hold rights to the profits of the general partnership, either directly or indirectly through non-taxable person entities.

More details available in our Alert.