Act No. 65 / 1949 Coll.
Law on Valuation
Valid
Effective from 15.03.1949
65.
Law
of 22 February 1949
on valuation.
The National Assembly of the Czechoslovak Republic decided on the following Act:
Property, foreign capital, costs and revenues in enterprises of all kinds, in public administration and in private and public law establishments (corporations, funds, foundations, etc.) shall be valued uniformly in accordance with the principles laid down by the Government by the Regulation. In doing so, care shall be taken to ensure that the valuation meets the needs of the single economic plan, the needs of the planned management and control of the economy, the purposes of price and tax purposes.
(1) The State Planning Office shall, within the limits of the principles laid down in Article 1 after hearing the participating ministries, the Supreme Accounting Audit Office and the Single Trade Union Organisation, issue binding directives for the valuation of the Order in the Official Journal. In view of the specific nature of an undertaking, a branch of public administration or private or public law establishment, the State Planning Office may authorise exemptions from the provisions of individual binding valuation directives. Binding valuation directives that affect the determination of tax bases shall be issued by the State Planning Office and may allow exemptions from their provisions in an agreement with the Ministry of Finance.
(2) Where ministries and other authorities or authorities issue regulations in their field of competence or make general arrangements in respect of the valuation of assets, foreign capital, costs and revenues, they may do so only in agreement with the State Planning Office as from the date of publication of this Act.
(1) The State Planning Office shall provide for an order in the Official Journal to the extent and from which, for a particular range of undertakings, public administration or private or public law establishments, an obligation to value assets, foreign capital, costs and revenues under the rules issued under this law. This obligation, if it affects the determination of tax bases, is provided for by the State Office planning in an agreement with the Ministry of Finance.
(2) From the date on which the obligation laid down in paragraph 1 for a particular group of undertakings, public administration or private or public-law establishments arises, this heading shall not be subject to the current rules on the valuation of assets, foreign capital, costs and revenues.
(1) The use of the difference resulting from the first valuation under the rules issued under this law compared to the valuation under the existing rules, as well as its taxation of taxes on pensions and general or special taxes on earnings, is regulated by the Government by the Regulation.
(2) If there are differences in the valuation of assets, foreign capital, costs and revenues under the regulations issued under this law compared to the valuation under the existing rules, that circumstance cannot justify the introduction of criminal proceedings for the reduction of taxes, levies and charges.
(3) The documents and official acts necessary for the implementation of this Act are exempt from fees and charges.
The actions and omissions of the defaulting regulations issued under this law are punishable, not more strictly criminal, by county national committees according to the penalty rate of up to 100 000 Kcs, in which case it is not possible to impose a replacement prison sentence (lockdown) within three months. For a first sentence offence, public authorities cannot be prosecuted.
This Act shall take effect on the day of its publication; it shall be carried out by all members of the Government.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Broad v. r.
Fierlinger v. r.
Dr. Ševčík v. r.
Dr Clementis v. r.
Maj-Gen Svoboda v. r.
Dr Gregor v. r.
Nosek v. r.
Dr Dolansky v. r.
Dr. Unedible v. r.
Dr Cap v. r.
Kopecký v. r.
Kliment v. r.
Děuriš v. r.
Krajčir v. r.
Petr v. r.
Dr. Ing.
Dr Neuman v. r.
Erban v. r.
Plojhar v. r.
Ing. Jankovcová v. r.
Dr. Šrobár v. r.
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Regulation Information
| Citation | Act No. 65 / 1949 Coll., on Valuation |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 15.03.1949 |
|---|---|
| Effective from | 15.03.1949 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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