0 enterprise of the deceased or the giver/donor which is managed in whole or in part using a Dutch-resident permanent establishment or representative, of which capital the shares effectively form part of, transition tax will be levied on any received gift or inheritance of shares by or from a person who at the time of the gift or death was not resident in or deemed to be resident in the Netherlands. Gift tax and inheritance tax are levied against the acquiring party. For levying of Dutch gift tax and inheritance tax, a person with the Dutch nationality who was resident in the Netherlands, and died or made a gift within ten years after leaving the Netherlands, shall be deemed to have been resident in the Netherlands at the time of death or the making of the gift. Furthermore, for levying of Dutch gift tax, any person, irrespective of his nationality, who was resident in the Netherlands at any time during the previous twelve months before making or receiving a gift, shall be deemed to have been resident in the Netherlands at the time of the gift. Dutch inheritance tax is levied on any received gift of shares from a person not resident in or deemed to be resident in the Netherlands at the time of the gift, but who died within 180 days of making the gift, and was resident in or deemed to be resident in the Netherlands at the time of death. The above mechanism can be altered as a result of applicable double taxation conventions. No Dutch gift tax or inheritance tax will be levied on any received gift or inheritance of shares from a person who at the time of the gift or death was not resident in or deemed to be resident in the Netherlands. Capital Tax Capital tax at a rate of one percent is levied on the payment of shares issued by the Company. The capital tax paid is deducted from the profit before determination of the corporation tax.

AJAX ARCHIEF

Jaarverslagen Ajax NV (vanaf 1997) | 1998 | | pagina 51