Act No. 575 / 2002 Coll.
Act amending Act No. 586 / 1992 Coll., on Income Tax, as amended, Act No. 588 / 1992 Coll., on Value Added Tax, as amended, and Act No. 353 / 2001 Coll., amending Act No. 563 / 1991 Coll., on Accounting, as amended, and certain other laws
Valid
Law
Effective from 30.12.2002
Text versions:
01.05.2004
30.12.2002
575
THE LAW
of 19 December 2002
amending Act No. 586 / 1992 Coll., on Income Tax, as amended, Act No. 588 / 1992 Coll., on Value Added Tax, as amended, and Act No. 353 / 2001 Coll., amending Act No. 563 / 1991 Coll., on Accounting, as amended, and certain other laws
Parliament has decided on this law of the Czech Republic:
Amendment of the Income Tax Act
Act No. 2001 / 2001, Act No. 2000 / 2001, Act No. 2000 / 2001, Act No. 2000 / 2001, Act No. 2000 / 2001, Act No. 100 / 2000, Act No. 100 / 2000, Act No. 100 / 2000, Act No. 100 / 2000, Act No. 100 / 2000 Coll., Act No. 100 / 2000 Coll., Act No. 100 / 2000 Coll., Act No. 100 / 2000 Coll., Act No. 100 / 2000 Coll., Act No. 100 / 2000 Coll.
1. in Article 4 (1) (t), the words "and to eliminate the consequences of natural disaster" shall be inserted after the word "evaluation."
2. In Paragraph 6 (9) (p), the words "and, in the case of a worker affected by a natural disaster, up to CZK 1 000 000 for residential purposes and up to CZK 200 000 to bridge a difficult financial situation" shall be added for the amount of "CZK 20 000."
3. In Paragraph 6 (9) (v), the amount "10 000 CZK" is replaced by "500 000 CZK" and the words "and for employers who have not made a profit" are replaced by "or."
4. In Paragraph 15 (8), after the first sentence, the following sentence is inserted: "Similarly, donations shall be made to finance the removal of the consequences of a natural disaster occurring in the Czech Republic."
5. In Paragraph 20 (8), the following sentence shall be inserted after the first sentence: "Similarly, donations shall be made to finance the removal of the consequences of a natural disaster occurring in the Czech Republic. In the case of donated property, the value of the gift shall not exceed the residual price of the tangible property (Paragraph 29 (2)) or the value recorded in the accounts under the special legislature20) for other property. '
6. In Article 24, at the end of paragraph 2, the dot is replaced by a comma and the following point (zr) is added:
"(zr) expenditure (costs) incurred in the context of assistance provided in the form of non-monetary benefits in connection with the elimination of the consequences of natural disasters occurring in the Czech Republic. This expenditure (costs) may not be used at the same time as the non-taxable part under Paragraph 15 (8) or an item reducing the taxable base under Paragraph 20 (8). '
Transitional provisions
1.
2. The basis of the income tax on individuals for the tax period 2002 and 2003 reduced by the Act No. 586 / 1992 Coll., on Income Tax, as amended by Act No. 35 / 1993 Coll., Act No. 157 / 1993 Coll., Act No. 323 / 1993 Coll., Act No. 259 / 1994 Coll., Act No. 340 / 2000 Coll., Act No. 117 / 2001 Coll. and Act No. 483 / 2001 Coll., can be reduced by a further 10% in the case of the granting of gifts to finance the disposal of floods and floods that occurred in 2002 in the Czech Republic. In total, the tax base for each tax period may be reduced by a maximum of 20% by the value of the gifts, when the conditions set out in Section 15 (8) of Act No 586 / 1992 Coll., on Income Tax, as amended.
3. The corporate tax base for the tax period started in 2002 and 2003 reduced pursuant to Article 20 (8) of Act No. 586 / 1992 Coll., as amended by Act No. 259 / 1994 Coll., Act No. 333 / 1998 Coll., Act No. 340 / 2000 Coll., Act No. 492 / 2000 Coll. and Act No. 483 / 2001 Coll., can be reduced by a further 5% in the case of the granting of donations to finance the removal of floods and floods that occurred in 2002 in the Czech Republic. In total, the tax base for each tax period can be reduced by the value of the gifts by no more than 10%, subject to the conditions set out in § 20 (8) of Act No. 586 / 1992 Coll., as amended.
Amendment to the Accounting Act
Act No 353 / 2001 Coll., amending Act No 563 / 1991 Coll., on Accounting, as amended, and some other laws, is amended as follows:
In Article II of the Transitional Provisions of Act No 353 / 2001 Coll., amending Act No 563 / 1991 Coll., on Accounting, as amended, and certain other laws, the following points 7 to 9 are added at the end:
'7. Entities accounting under the measure of the Ministry of Finance No 281 / 89 759 / 2001 setting out the financial statements and accounting procedures for entrepreneurs may, in the accounting period beginning from 1 January 2002 to 31 December 2002, proceed with the accounting of the exchange rate differences at the time of the accounting case and at the end of the balance sheet day or at another time at which the accounts are drawn up, in the case of receivables, liabilities and debt securities with a maturity of more than 12 months held-to-maturity under the measures of the Ministry of Finance No V / 20 100 / 1992, which provides for the financial statement and procedures for entrepreneurs, as a result of changes and additions effective on 31 December 2001; In this case, the entity is required to comply with all claims, liabilities and debt securities with a maturity of more than 12 months held to maturity.
8. In the first day of the following financial year, the entities that have applied the procedure in paragraph 7 shall apply the provisions of paragraph 5 of Annex 3 (transitional provisions) to the Ministry of Finance, no. 281 / 89 759 / 2001, establishing the schedule of accounts and accounting procedures for entrepreneurs.
9. Entities accounting under measure No 282 / 105 880 / 2001, amending the schedule of accounts and accounting procedures for insurance undertakings and issuing their full wording, may, during the accounting period beginning from 1 January 2002 to 31 December 2002, proceed with the accounting for exchange differences in the accounts of claims and liabilities or investments in accordance with Article XI of the Exchange rate differences in the Federal Ministry of Finance measures No V / 2 - 25 430 / 1992 determining the schedule of accounts and accounting procedures for insurance undertakings, as resulting from changes in effect on 31 December 2001; in this case, the entity is required to comply with all claims and liabilities or investments. ';
Efficacy
This Act shall take effect on the day of its publication.
Zaoralek v. r.
Havel v. r.
Spindles v. r.
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Regulation Information
| Citation | Act No. 575 / 2002 Coll., amending Act No. 586 / 1992 Coll., on Income Tax, as amended, Act No. 588 / 1992 Coll., on Value Added Tax, as amended, and Act No. 353 / 2001 Coll., amending Act No. 563 / 1991 Coll., on Accounting, as amended, and certain other laws |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 30.12.2002 |
|---|---|
| Effective from | 30.12.2002 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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