The Parent Company of a Tax Group may submit an application to the FTA to be replaced by another Parent Company without a discontinuation of the Tax Group in following circumstances:
The new Parent Company meets all the relevant conditions in relation to the former Parent Company. In this case, the request should be submitted after the new Parent Company meets the conditions for joining a Tax Group and the request should also specify the Tax Period when the change is effective and it should be filed before the end of the Tax Period for which the replacement of the Parent Company is requested.
In case when, the former Parent Company ceases to exist and the new Parent Company or a Subsidiary is its legal successor, for instance as a result of a merger or other transfer.