Act No. 178 / 1947 Coll.
Act on the partial modification of the rate of enrichment tax
Valid
Effective from 12.11.1947
178.
Law
of 15 October 1947
a partial change in the rate of enrichment tax.
The Constitutional National Assembly of the Czechoslovak Republic decided on this law:
(1) The tax on enrichment (inheritance and donation) at the rate attached to the Act of 12 August 1921, No 337 Coll., on enrichment tax, is subject to a premium of:
(a) twenty-five per cent for the acquisition of the taxable amount in accordance with the first to third classes of the rate, but for the first and second classes only the levy shall be levied on the part of the acquisition which exceeds the value of CZK 2,000,000;
(b) 50% for acquisitions subject to tax in accordance with the fourth to sixth grade of the same rate.
(2) The premium referred to in paragraph 1 shall form part of the enrichment tax.
(3) An exemption from the premium shall be granted to acquisitions for which the enrichment tax rebate provided for in Section 3, paragraph 3 of the Act of 30 January 1947, No 13 of the Coll., on concessions in the field of enrichment tax and fees for the survivors of the national struggle for liberation and victims of hostile persecution and war, as well as for some dedication.
Note 4 to the enrichment tax rate is amended and read as follows:
"For the younger children and grandchildren of the deceased, the tax rebate due to them shall be due for each year of age, in the case of ideas of up to 50.000 CZK 5% (up to 100%) and in the case of ideas of up to 100.000 CZK 3%.
A fraction of a year at least six months counts for a whole year. "
For those who have more than two children, the net value of the idea of up to 50,000 CZK is the tax rebate for the third child 20%, fourth 30%, fifth 50%. With the net value of the idea of more than 50.000 CZK up to 100.000 CZK, only 10% discount for the third child, 15% for the fourth and 25% for the fifth and each additional child (but not more than 100%) shall be payable to buyers belonging to the first and second classes.
This Act shall take effect on the day of its publication; to be carried out by the Minister for Finance.
Dr Beneš v. r.
Gottwald v. r.
Dr Dolansky v. r.
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Regulation Information
| Citation | Act No. 178 / 1947 Coll., on a partial change in the rate of enrichment tax |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 12.11.1947 |
|---|---|
| Effective from | 12.11.1947 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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