WebApr 2, 2008 · In a commercial context, a going concern refers to an entity’s ability to continue functioning as a business. The definition provided by the GST Act extends beyond this. Section 38-325 provides that the ‘supply of a going concern’ is GST-free where each of the following is satisfied: the sale is for consideration; WebJun 28, 2024 · Section 197 of the Labour Relations Act (LRA) places heavy responsibilities on the employer who takes over the business (or part thereof) of another employer as a going concern. This section forces the new employer to take over all the labour related obligations of the old employer.
Assessing liquidity and going concern in an uncertain economy
WebFeb 13, 2024 · Some notable transfers in Zimbabwe include BP Shell, which sold its business as a going concern to Zuva Petroleum. First Capital Bank took over Barclays Bank operations in Zimbabwe as a going concern. There is no legal basis for an employee to object to a transfer of an undertaking. This is the decision of the shareholders of the … WebApr 6, 2024 · “Going Concern” means all the assets, tangibles or intangibles and resources needed to continue to operate independently a business activity which may be whole or a part of the business of the Corporate Debtor without values being assigned to the individual asset or resource. girl with blue hair and brown eyes
Analysis of Selling Companies as “Going Concern” By Keshav …
WebThe transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of a business. Normally the sale of the assets of a VAT registered or VAT registerable business ... WebJul 29, 2024 · Transfer of a going concern means transfer of a running business which is capable of being carried on by the purchaser as an independent business, but … WebAug 22, 2024 · UAE Federal Tax Authority issues VAT guidance on transfer of business as going concern EY - Global About us Back Close search Trending Why Chief Marketing Officers should be central to every transformation 31 Jan 2024 Consulting How will CEOs respond to a new recession reality? 11 Jan 2024 CEO agenda girl with blue hair pfp