A publication has been released from the General Directorate of Taxation with expiration dates for tax obligations in October 2012.
Friday, October 12
- D-107 Tax on casinos and gambling halls
- D-113 Tax on income and capital gains from mutual funds.
- D-160 Quarterly Statement printing invoices and other documents.
- D161 quarterly statement of cash registers.
A financial memorandum has been released by Tezó y Asociados about who should pay for the ISO 2012 and obligations payment schedule for August 2012.
Tax Memorandum
September 12 to 12, 2012 Edition
Mechanism to resolve tax conflicts
Decree No. 4-2012, Evasion Act II, adds Article 145 A to the Tax Code in order to strengthen the fiscal process and adds a new regulatory step to be performed before any audience for consultation, in the case of fiscal adjustments. The text of the article entitled "Mechanism to resolve tax conflicts" is reproduced below:
A memorandum by Tezó y Asociados Tezó has been released detailing who should pay ISO 2012, and the bond payment schedule for August 2012.
Tax Memo Edition 10 -12
Who should pay for ISO 2012?
As we develop our Tax Memo No.10-12, there is uncertainty about the ISO exemption for taxpayers enrolled in the General Income Tax scheme. Indeed, subsection f) of Article 4 of the Solidarity Tax Act provides that exempt from ISO tax payments are those taxpayers who pay income tax at a rate on their taxable income, as provided in Article 44 of the Act Income Tax-ISR. This rule was amended by Article 178 of Decree No. 10-2012 in Book I which contains the new Income Tax Law which will be effective from January 1, 2013.
A memorandum by Tezó and Associates addresses the new income tax law and bond repayment schedule for March 2012.
Memorandum Tax Issue 6 -12 April 2012
New Law on Income Tax:
Decree No. 10-2012, in Book I contains the new Law on Income Tax, which will take effect in January 2013, which taxes income according to its origin, considering the following categories:
Items to be taken into account to carry out an annual transaction study between related companies.
Currently, several countries have existing legislation on transfer prices. The legislation regulates the elements that should be available to carry out an annual survey of transactions between related companies, as well as indicators serving as basis for determining if transfer pricing between related parties are within legal parameters.
Detail on the ruling by the Constitutional Court regarding the deductibility of contributions to pension funds, and the February 2011 Tax Calendar.
On January 24, 2011, it was published in the Diario de Centro America, the ruling of the Constitutional Court regarding the unconstitutionality of the provision issued by the Superintendent of Tax Administration, Rudy Baldemar Villeda Vanegas, of not accepting the contributions made by customers of the Pension Fund for Retirement as a deduction in the process of determining the income tax in the year 2010.
Minimum Wage 2011 and maturity dates in January 2011 for tax liability of December 2010.
MINIMUM WAGE
In a publication made on December 30, 2010, in the Official Newspaper, the Government Agreement No. 388-2010 of the Ministry of Labour and Social Welfare, establishes the new minimum wages for agricultural activities, and for non-farming export activities ruled by Decree No. 29-89, effective January 1st, 2011.