Losing the VAT exemption for small taxpayers (Decree No. 5770 valid until 31-Dec-2009). Decree number 5770 dated 27 December 2007 alo published in the Official Gazette number 38839 on the same date by which be exonerated from payment of Value Added Tax (VAT) to taxpayers whose sales of goods or services supplied by companies, businesses, service providers and other natural or legal persons and unincorporated businesses, conducting business in an amount exceeding the equivalent of three thousand tax units (3,000 UT) in calendar year immediately preceding its publication , was valid until December 31, 2009 according to the provisions of Article 11, which established a period of two (2) years from the day after its publication in the Official Gazette and applies to operations that were held until 31/12/2009.
After this period, from January 1 2010, beneficiaries of the exemption then proceeded to be regular contributors VAT, unless all of its operations are exempt or exempted under the provisions of the Act establishing the VAT or other decrees of exemption as appropriate.
To this date, the Tax Administration has not issued any statement about this group of taxpayers and, therefore, taxpayers before exempt under Decree No. 5770 should bring their billing, special books, monthly statements and other formal duties as taxpayers regular tax.
is important to remember that those taxpayers exempt from the Act itself or exonerated by other decrees, contributors retain their formal status, so that the expiration of Ordinance No. 5770 affects only those who were favored with the course of operations until 3000 UT, ie the so-called "small contributor."
new Effective Tax Unit (UT) 65.00
Bs Official Gazette number 39,361 in the February 4, 2010 was published SNAT/2010-0007 Providence number issued by the SENIAT , through which the tax unit is reset Bs fifty-five (55.00 Bs) in Bolivar Sixty-five (Bs 65.00) . New Tax Unit begins to run immediately . However, in the case of taxes to be settled on an annual basis (Income Tax), it shall be the Tax Unit which has been in place for at least 183 continuous days of his term, and for taxes that can be settled at different periods Annual Tax Unit will be applicable in effect for the beginning of the period, all in accordance with the provisions of Paragraph Three of Article 3 of the Tax Code (TOC) in force.
The exemption from payment of Income Tax on interest earned through Bonds issued by PDVSA
in Official Gazette number 39349 dated January 19, 2010 was published the decree number: 7184, by which exempt from payment of income tax the interest earned by the holding ground, people and corporations, from bonds issued by PDVSA .
For the purposes of determining exempt enrichments, to which reference is made, the rules established in the Law of Income Tax, as appropriate, regarding revenues, costs and deductions enrichments taxable.
common costs and deductions applicable to taxable income or whose income is exempt result, land or offshore, will be distributed proportionately.
beneficiaries of the exemption must file an annual statement of the aggregate net enrichments taxed and exempted, as appropriate, on the terms and conditions established by the Law on Income Tax, Regulations and other applicable regulations.
may be entitled to the exemption, taxpayers must also meet the obligations and requirements in this Decree, under the Law on Income Tax, Regulations and other applicable regulations.
Those beneficiaries who do not fulfill the obligations and requirements in this Act and under Law on Income Tax, Regulations and other applicable lose the exemption benefit
The term of the exemption benefit shall be five (5) years, counted from the date of its entry into force.
apply the exemption provided in the fiscal year are ongoing for a period of time set forth above, from the entry into force of this Decree.
This Decree takes effect from the day following its publication in the Official Gazette.
After this period, from January 1 2010, beneficiaries of the exemption then proceeded to be regular contributors VAT, unless all of its operations are exempt or exempted under the provisions of the Act establishing the VAT or other decrees of exemption as appropriate.
To this date, the Tax Administration has not issued any statement about this group of taxpayers and, therefore, taxpayers before exempt under Decree No. 5770 should bring their billing, special books, monthly statements and other formal duties as taxpayers regular tax.
is important to remember that those taxpayers exempt from the Act itself or exonerated by other decrees, contributors retain their formal status, so that the expiration of Ordinance No. 5770 affects only those who were favored with the course of operations until 3000 UT, ie the so-called "small contributor."
new Effective Tax Unit (UT) 65.00
Bs Official Gazette number 39,361 in the February 4, 2010 was published SNAT/2010-0007 Providence number issued by the SENIAT , through which the tax unit is reset Bs fifty-five (55.00 Bs) in Bolivar Sixty-five (Bs 65.00) . New Tax Unit begins to run immediately . However, in the case of taxes to be settled on an annual basis (Income Tax), it shall be the Tax Unit which has been in place for at least 183 continuous days of his term, and for taxes that can be settled at different periods Annual Tax Unit will be applicable in effect for the beginning of the period, all in accordance with the provisions of Paragraph Three of Article 3 of the Tax Code (TOC) in force.
The exemption from payment of Income Tax on interest earned through Bonds issued by PDVSA
in Official Gazette number 39349 dated January 19, 2010 was published the decree number: 7184, by which exempt from payment of income tax the interest earned by the holding ground, people and corporations, from bonds issued by PDVSA .
For the purposes of determining exempt enrichments, to which reference is made, the rules established in the Law of Income Tax, as appropriate, regarding revenues, costs and deductions enrichments taxable.
common costs and deductions applicable to taxable income or whose income is exempt result, land or offshore, will be distributed proportionately.
beneficiaries of the exemption must file an annual statement of the aggregate net enrichments taxed and exempted, as appropriate, on the terms and conditions established by the Law on Income Tax, Regulations and other applicable regulations.
may be entitled to the exemption, taxpayers must also meet the obligations and requirements in this Decree, under the Law on Income Tax, Regulations and other applicable regulations.
Those beneficiaries who do not fulfill the obligations and requirements in this Act and under Law on Income Tax, Regulations and other applicable lose the exemption benefit
The term of the exemption benefit shall be five (5) years, counted from the date of its entry into force.
apply the exemption provided in the fiscal year are ongoing for a period of time set forth above, from the entry into force of this Decree.
This Decree takes effect from the day following its publication in the Official Gazette.
0 comments:
Post a Comment