Act No. 131 / 1968 Coll.
Law on income and wage gains
Valid
Effective from 01.10.1968
131
THE LAW
of 13 September 1968
on income and wage gains
The National Assembly of the Czechoslovak Socialist Republic decided on this law:
Profit benefit
(1) The profit payment is made by centrally managed state economic organisations (including project institutes) and the following organisations managed by national committees:
- local construction enterprises,
- project institutes,
- n.
- Czechoslovak automotive transport,
- n.
(2) By way of derogation from the provisions of paragraph 1, the profit payment shall not be made by organisations:
- State trade,
- the production of building materials,
- rail transport (except for separate industrial and construction organisations),
- water transport,
- the purchase of agricultural products,
- forestry,
- water management,
- research and development bases,
- baths and springs,
- education,
- culture and information (except for the Gramophone plants),
- Central Communications Administration,
- State Statistical Office,
- the agricultural sector in which the economic instruments in agriculture * are applied (with the exception of the agricultural construction company Bratislava),
- automotive repair shops centrally controlled (except those of the Ministry of National Defence),
- Mr. Čedok.
(3) Construction organisations do not make a profit contribution for 1968; from 1969 onwards, they shall not make a contribution to the profits of construction work carried out for complex housing, retail network, tourism facilities, school and medical facilities and maintenance of residential property.
(1) The basis for calculating the profit contribution is profit * *) reduced by
- contributions to the state budget and to the national committee budget, * * *)
- the payment of agricultural tax,
- contributions from motor vehicles to the road fund,
- premiums paid,
- contributions from the Directorate-General for the Technical Development Fund, the Geological Work Fund and the Damage and Compensation Fund,
- shares in the economic results,
- contributions of gross income (profit) undertakings to the corporate housing construction carried out.
The profit contribution is determined on the basis of the following rates according to Article 2:
(a) 10% for enterprises of the consumer industry, the food industry (excluding packaging and machinery plants of the food industry subject to the rate referred to in (c), the Central Energy Administration and the Czechoslovak Automotive Transport;
(b) 20% for sales organisations;
(c) 45% for other national economic organisations.
Common provisions
(1) The profit and wage contribution payments are made by centrally managed economic organisations to the state (central) budget and by organisations managed by national committees to the budget of the managing national committee. Consumption and production cooperative organisations shall make a contribution from the wage increase to the budget of the national committee to which they pay the pension tax on cooperatives.
(2) The Regional National Committee may provide that part of the profit contributions and wage increases paid by organisations managed by national committees are centralised and used to finance the urgent needs of such organisations.
(3) The arrangements and deadlines for the implementation of the levies and the penalties in the event that the levies have not been implemented in good time and in full shall be determined by the Government.
(1) For certain sectors, the government may reduce income and wage increases.
(2) The Minister of Finance may grant derogations from the provisions of Section 3 for centrally managed organisations and, in agreement with the Minister for Labour and Social Affairs, from the provisions of Section 5. For organisations managed by national committees and for consumer and manufacturing cooperative organisations, the relevant regional national committee may authorise such exemptions.
(3) Derogations under paragraphs 1 and 2 may be allowed where there would otherwise be a financial imbalance in the operation of organisations or where there would be a credit burden on organisations exceeding 60% of the value of their creditworthy investment construction.
The Regional National Committee may, where justified, provide that the profit payment under this Law is also made by state economic organisations managed by national committees other than those referred to in Section 1.
The Regional National Committee may allow the necessary relief from the increase in the stabilisation levy according to the annual increase in the number of workers. * *) This is without prejudice to the government's competence under § 8 (2) of Act No. 83 / 1966 Coll.
This Act shall take effect on 1 October 1968. From 1 January 1969, the organisations shall make payments from the wage increase.
Freedom v. r.
Srkovský v. r.
Ing. Cernik v. r.
*) § 46 of Decree No. 100 / 1966 Coll., on the planned management of the national economy.
* *) According to § 21 of Decree No. 100 / 1966 Coll.
* * *) Decree No. 100 / 1966 Coll., as amended by Decree No. 83 / 1967 Coll. and Decree No. 16 / 1968 Coll.
+) § 39 or § 71 of Decree-Law No 100 / 1966 Coll.
*) § 8 of Act No. 83 / 1966 Coll., on the Fourth Five Year Plan for the Development of the National Economy of the Czechoslovak Socialist Republic.
* *) § 8 paragraph 2 of Act No. 83 / 1966 Coll.
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Regulation Information
| Citation | Act No. 131 / 1968 Coll., on income and wage gains |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 26.09.1968 |
|---|---|
| Effective from | 01.10.1968 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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