Amendments to Fiscal Audit Act
An amendment to the Fiscal Audit Act of 28 September 1991 went into effect on 30 July 2010.
![Amendments to Fiscal Audit Act](/upload/thumb/wordpress/2017/03/28_new_auto_800x800.png)
No income recognised on in-kind contribution to partnership
In-kind contribution of a sole proprietorship to a partnership does not constitute the sale of the business, and thus the partner is not deemed to have income on the transaction.
![No income recognised on in-kind contribution to partnership](/upload/thumb/wordpress/2017/03/299_new_auto_800x800.png)