Decree No. 146 / 1993 Coll.
Decree of the Ministry of Finance implementing certain provisions of the Czech National Council Act No. 586 / 1992 Coll., on Income Tax
Valid
Effective from 20.05.1993
146
DECLARATION
Ministry of Finance
of 29 April 1993
implementing certain provisions of the Czech National Council Act No. 586 / 1992 Coll., on Income Tax
The Ministry of Finance pursuant to § 39 (e) of the Act of the Czech National Council No. 586 / 1992 Coll., on Income Tax, hereinafter "the Act" provides:
(to Article 3 of the Act)
(1) Revenue obtained by the issue of immovable property or movable property or property rights not subject to tax shall also be:
(a) revenue obtained by a person entitled (1) by giving him a basic share of the assets of the cooperative, (2)
(b) income obtained by an authorised person (1) from an additional share of the cooperative's assets resulting from the transformation, (2) if they have been left to the cooperative which will continue to operate after the transformation;
(c) income obtained by an authorised person (1) from an additional share of the assets of the cooperative resulting from the transformation, (2) if they have been transferred by that person under an approved transformation project to another cooperative or any type of trading company; whether that share is transferred in kind or in cash to the contribution of a member of the cooperative, a shareholder or a share transfer to a public limited company, is irrelevant;
(d) the income of the beneficiary (1) from the issue of an additional share of the cooperative's assets resulting from the transformation (2) in non-monetary form.
(2) However, the subject of the tax is income from an additional share of the cooperative's assets resulting from the transformation, 2) which were paid by a beneficiary (1). This income is subject to taxation under Paragraph 36 (2) (c) of the Act.
(to Section 25 of the Act)
The value (price) of movable property acquired by an authorised person referred to in Article 1 (1) as a holding cannot be recognised for tax purposes as expenditure incurred to achieve, secure and maintain income. Nor can the value (price) of the works and services provided by the cooperative be recognised as compensation for the holding. 2)
According to this decree, the first time is the tax period 1993.
This decree shall take effect on the day of its publication.
Minister:
Ing. Coachman CSc. v. r.
1) Article 4 of Act No. 42 / 1992 Coll., on the modification of property relations and settlement of property rights in cooperatives.
2) § 7 (4) of Act No. 42 / 1992 Coll.
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Regulation Information
| Citation | Decree of the Ministry of Finance No. 146 / 1993 Coll., implementing certain provisions of the Czech National Council Act No. 586 / 1992 Coll., on Income Taxes |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 20.05.1993 |
|---|---|
| Effective from | 20.05.1993 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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