Decree of the Ministry of Finance No. 125 / 1968 Coll.
Decree of the Ministry of Finance on the taxation of shares in economic results and rewards and donations provided in the major labour and life-years of workers
Valid
Effective from 20.09.1968
125
DECLARATION
Ministry of Finance
of 11 September 1968
on the taxation of shares in economic results and rewards and donations provided for significant labour and life-years of workers
According to Section 22 (3) of Act No. 76 / 1952 Coll., the Ministry of Finance provides:
Decree of the Ministry of Finance No. 24 / 1967 Coll., implementing the payroll tax law, is amended and supplemented as follows:
Article 4 (2) (a) shall read as follows:
"(a) the benefits and benefits in kind and in kind and in cash provided by the payer to the worker in the course of significant work and life years of the worker (for example, 20, 30, 40 years of continuous work for the same organisation, reaching the age of 50, 60 years) or at the time of his retirement, with the exception of those which belong to the worker in accordance with the wage regulations or collective agreement, set at a level which is determined taking into account the number of years worked with the same organisation.";
2. The following paragraph 4 is added to Article 10:
"(4) The shares in the economic results of the organisation shall be taxed on the accounting of the share, separately from the other wage of the worker, by the rates of the wage tax for the monthly payment period, taking into account all the factors relevant for the withholding of the tax in the period in which the shares were charged. *) The share of economic results shall not be taken into account in the payroll tax settlement. ';
This decree shall take effect on the date of its publication and shall apply for the first time to the taxation of shares in economic results paid for 1968.
First Deputy Minister:
Lér CSc.
*) The advance on the share of economic results will be deducted from the wage tax in those cases where it can be assumed that the amount of the share in its accounting would not be paid the wage tax on the whole share.
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Regulation Information
| Citation | Decree of the Ministry of Finance No. 125 / 1968 Coll., on the taxation of shares in economic results and rewards and donations provided in the major work and life years of workers |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 20.09.1968 |
|---|---|
| Effective from | 20.09.1968 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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