 | | | | | Directive 90/434/CEE adopted by the council on July 23, 1990, regarding a common system of taxation applicable to mergers, divisions, transfers of assets, and trading of shares that are of interest to companies of different Member States, is fully applicable to companies in Madeira.
Mergers, division of assets and exchanges of shares between companies established in the EU, as well as transferring headquarters within the EU, are carried out with Corporate Income Tax neutrality, as long as the companies involved embody one of the legal forms of constitution provided for in the Directive, and are subject to income tax.
In certain instances, transmission of unused tax losses. | | |  | |
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