SINCE the onset of the Covid-19 pandemic last year, many businesses have been faced with challenges to sustain their operations. On the flip side, opportunities abound in certain sectors, and some have experienced exponential growth and prospered as a result of the pandemic.
Regardless of which side of the coin you are on, restructuring or reorganisation of businesses, mergers, and acquisitions can be a strategy to achieve growth and efficiency, improve financial position or put your house in order. In doing so, tax issues must be given weight along with other factors. Unintended tax consequences can be the stumbling block in some situations.
Capital vs revenue gains
In difficult times, companies resort to divestment of assets to sustai…
Read the full article at: https://www.thesundaily.my/business/accountant-s-pespective-restructuring-in-challenging-times-FY8010171