Act No. 32 / 1995 Coll.
Act amending and supplementing Act of the Czech National Council No. 586 / 1992 Coll., on Income Tax, as amended
Valid
Effective from 03.03.1995
32
THE LAW
of 8 February 1995
amending and supplementing the Act of the Czech National Council No. 586 / 1992 Coll., on Income Tax, as amended
Parliament has decided on this law of the Czech Republic:
Act No. 586 / 1992 Coll., on Income Taxes, as amended by Act No. 35 / 1993 Coll., Act No. 96 / 1993 Coll., Act No. 157 / 1993 Coll., Act No. 196 / 1993 Coll., Act No. 323 / 1993 Coll., Act No. 42 / 1994 Coll., Act No. 85 / 1994 Coll., Act No. 114 / 1994 Coll. is amended as follows:
Paragraph 5 (4) reads as follows:
"(4) Revenue accruing to a taxpayer not accounting in the double-entry system in the 15 days preceding the beginning or 15 days after the end of the tax period to which it belongs shall be treated as income generated in that tax period. If there is evidence of income that is economically attributable to both the past tax period and the following tax period, it shall be regarded as income of the tax period to which the taxpayer assigns it. The assessment of expenditure shall be treated mutatis mutandis. Income from dependent activities and functional benefits (§ 6) resulting from the taxpayer not more than 31 days after the end of the tax period for which they were obtained shall be considered as income generated in that tax period. '
Act No. 259 / 1994 Coll., amending and supplementing Act No. 586 / 1992 Coll., on Income Tax, as amended, and Act No. 591 / 1992 Coll., on Securities, as amended, is amended as follows:
1. point 1 of Article III shall read as follows:
"1. In the case of a taxpayer who does not charge in the double-accounting system, the income generated by him in the 15 days preceding the beginning of the 1995 tax period or in the 15 days following the end of the 1994 tax period shall be considered as revenue from the tax periods to which the taxpayer assigns them. The assessment of expenditure shall be treated mutatis mutandis. '.
2. point 14 of Article III shall read as follows:
"14. The provisions of this Act shall apply to the tax obligations for 1993 and 1994 and shall apply for the first time for the 1995 tax period, unless otherwise provided for by this Act. '
This Act shall take effect on the day of its publication.
Uhde v. r.
Havel v. r.
Klaus v. r.
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Regulation Information
| Citation | Act No. 32 / 1995 Coll., amending and supplementing the Act of the Czech National Council No. 586 / 1992 Coll., on Income Tax, as amended |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 03.03.1995 |
|---|---|
| Effective from | 03.03.1995 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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