Can any member of subsidiary can leave the tax group after formation of the group?
Yes, a subsidiary can leave the tax group in the following two circumstances:
Removal by Parent Company:
If the parent company submits an application to the FTA for the removal of the subsidiary, the subsidiary will leave the tax group from the beginning of the tax period specified in the application, or such other tax period as determined by the FTA.
Fails to satisfy the relevant conditions to be a member of the tax group:
When a subsidiary ceases to meet the specified conditions to remain a member of the tax group, it will leave the tax group from the beginning of the tax period in which the conditions are no longer met. In this case, the parent company is required to report to the FTA within 20 days from the date the subsidiary no longer meets the conditions.