Decree of the Ministry of Finance No. 59 / 1993 Coll.
Decree of the Ministry of Finance amending and supplementing Decree No 44 / 1993 Coll., on the exercise of the right to deduct turnover tax and import tax on stocks of material and goods in transition to the value added tax system
Valid
Effective from 03.02.1993
59
DECLARATION
Ministry of Finance
of 25 January 1993
amending and supplementing Decree No 44 / 1993 Coll., on the exercise of the right to deduct turnover tax and import tax on stocks of material and goods when moving to the value added tax system
The Ministry of Finance pursuant to § 52 (3) of the ČNR Act No. 588 / 1992 Coll., on Value Added Tax, provides:
Decree No 44 / 1993 Coll., on the exercise of the right to deduct turnover tax and import tax on stocks of material and goods in transition to the value added tax system, is amended as follows:
1. In Paragraph 1 (2), the word "taxes' shall be added after the word" amounts'.
2. In Article 1 (3), the words "or other sales documents' shall be inserted after the words" or other sales documents' and the words "the use of goods in-house 'shall be inserted after the words" where appropriate, documents accepted from non-payment of turnover tax'.
3. In Article 2 (a), the words "both from taxpayers and non-payers of turnover tax," shall be inserted after the words "all purchases of goods and materials." The word "acquisition 'shall be added after" prices' and the words "purchase price may be determined by reducing the selling price by the average trade premium of the payer claiming deduction shall be added to the end of the text; the calculation of this premium must be demonstrated by the payer to the tax office; ';
4.
"(b) establish, on the basis of documents received from turnover tax payers, on the basis of documents paid for the import tax and on documents issued during that period, with the exception of the purchase of excise goods, the amount of turnover tax or import tax paid, recorded or paid,"
5. In Article 2 (c), the words "rounded to three decimal places' shall be inserted after the words" referred to in point (a) '.
6.
"(d) make an inventory of the stock of goods on 31 December 19923) at the prices of the acquisition for which the acquisition is evidenced by the documents referred to in Article 1 (3); excluding goods taxed at a zero rate of turnover tax or import tax and excise goods, ';
7.
"(g) the amount of the calculated right to refund of turnover tax or import tax on materials and goods shall be repaid by the payer in accordance with the procedure laid down in Section 103a of Act No. 337 / 1992 Coll., on the Administration of Taxes and Fees, as amended by Act No. 35 / 1993 Coll. ';
8. In Section 2, points (h) and (i) are deleted.
9. The following Section 2a is inserted after Section 2:
The right to deduct turnover tax and import tax may be established by the payer in accordance with the following procedure:
(a) establish the accounting status of the stocks of goods on 31 December 1992,3) for which proof of acquisition is provided in accordance with Article 1 (3); excluding goods taxed at a zero rate of turnover tax or import tax and goods subject to excise duty at the prices of acquisitions and goods purchased from non-taxpayers; the purchase price may be determined by reducing the selling price by the average trade premium of the payer claiming the deduction; the calculation of this premium must be demonstrated by the payer to the Financial Office;
(b) the established book value of the stocks of goods shall be broken down by item of the turnover tax rates applicable on 31 December 1992;
(c) on the price of the acquisition, by applying the turnover tax rates in force on 31 December 1992, the amount of the right to deduct the turnover tax or import tax;
(d) the procedure laid down in Article 2 (f) and (g) shall apply for entitlement. ";
This decree shall take effect on the day of its publication.
Minister:
Ing. Coachman CSc. v. r.
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Regulation Information
| Citation | Decree of the Ministry of Finance No. 59 / 1993 Coll., amending and supplementing Decree No. 44 / 1993 Coll., on the exercise of the right to deduct turnover tax and import tax on stocks of material and goods when moving to the value added tax system |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 03.02.1993 |
|---|---|
| Effective from | 03.02.1993 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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