Calendar of obligations for payments in June 2014 and Tax Memorandum on tax exemptions and the cases in which they are applicable.
Thursday, June 5, 2014
Tax Memorandum 8 to 14 June 2014
The tax exemption, is for all taxpayers?
Derived from the reforms contained in Decree No. 19-2013 of Congress, in the Official Journal of 22 May 2014, published the Government Agreement No. 167-2014 which introduces reforms to several articles of Government Decision No. 213 - 2013 "Regulation on the Law on Income Tax."
This Agreement amends articles 7 on "Taxpayer Registration" and 25 on "Construction Activities and similar." Articles 25 A "Treatment Article 35A of the Act" 25 B "Integrating Costs and Expenses" have been added. It also includes three transitory articles, including 7 which literally states:
"Article 7. Transient.
Regularization. Taxpayers who from the term of this agreement, choose to regularize operations or modify the method of recording costs and expenses under the provisions of this regulation, if the payment of taxes or compliance with formal obligations is performed by applying this special treatment or presentation of omitted statements or correction of those already submitted, shall enjoy exemption, as follows:
One hundred percent (100%) of fines and surcharges, if the payment of taxes and compliance with formal obligations, is performed during the first month of the term of this agreement.
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Payment schedule for liabilities in January 2015 and Memorandum on Tax Bancarization.
Tax Memorandum
The requirement for Tax Bankarization is regulated by Articles 20 and 21 of Decree No. 20-2006, articles which were amended by Articles 27 and 28 of Decree No. 04-2012, specifically in order to change the amount of bankarization amount from $6,585 to $3,951