The opportunities inherent in group taxation – applications for establishing a CIT group can be submitted until 20 November

Company groups wishing to form corporate income tax (CIT) groups or to terminate their such existing tax groups from 2024 must submit their respective applications to the Tax Authority by 20 November 2023. The deadline is the same in case of requesting to join an existing group. Companies that miss the above deadline will have to wait a full year for this window of opportunity to be open again. However, an application to form a VAT group can be submitted at any time and should also be considered by company groups.