What is reunification tax in SAP CYT - Capital Yield Tax?

SAP Term: reunification tax

• Component: CYT

• Component Name: Capital Yield Tax

• Description: Tax surcharge on income tax, which was introduced in Germany after reunification.

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• Key Concepts: 
  Reunification Tax, also known as CYT Capital Yield Tax, is a tax imposed by the Spanish government on the transfer of assets from one company to another. It is applicable when a company is merged or split into two or more companies. The tax is calculated based on the value of the assets transferred and is paid by the company receiving the assets. 
  
  How to use it: 
  When a company is merged or split, the Spanish government requires that a Reunification Tax be paid. The amount of tax due is calculated based on the value of the assets transferred. The company receiving the assets must pay the tax to the Spanish government. 
  
  Tips & Tricks: 
  It is important to be aware of the Reunification Tax when planning a merger or split of a company in Spain. The amount of tax due should be taken into account when calculating the cost of the transaction. 
  
  Related Information: 
  The Reunification Tax is regulated by Spanish law and is administered by the Spanish Tax Agency. Further information can be found on their website.