December 28, 2016
Muscat: Globally, downward cycles in economies like the current one in the region caused by low oil prices, have led to an increase in merger and acquisition activity. Given the fact that there will be fixed operating costs that cannot be reduced or controlled beyond certain level, loss in revenue would lead to net operating losses for many businesses. This forces consolidation and influences business groups to restructure or reorganise the way they operate.
Business reorganisation takes various forms such as merger, acquisition, demerger or spin-off, joint venture, buy back of securities, etc. Further, they could be external involving third parties or just internal…
Read the full article at: https://www.zawya.com/mena/en/story/Need_of_the_hour_Tax_exemptions_for_business_reorganisations_in_Oman-ZAWYA20161229021302/