Decree of the Ministry of Finance of the Slovak Socialist Republic No. 8 / 1970 Coll.
Decree of the Ministry of Finance of the Slovak Socialist Republic implementing Act No. 178 / 1969 Coll., on Company Taxes and Social Security Contributions
Valid
Effective from 25.02.1970
8
DECLARATION
Ministry of Finance of the Slovak Socialist Republic
of 3 February 1970
implementing Act No 178 / 1969 Coll., on corporate taxes and social security contributions
The Ministry of Finance of the Slovak Socialist Republic provides, pursuant to § 40 of Act No. 178 / 1969 Coll., on Corporate Taxes and Social Security Contributions ("the Act '):
Taxpayers
Article 2 of the Act
(1) The organisations referred to in Paragraph 2 (1) of the Act are taxpayers of profit and capital tax - unless the law provides otherwise - regardless of their organisational integration and regardless of which central authorities or national committees they are governed by.
(2) An industrial or construction activity within the meaning of the Act shall also be regarded as an activity of geological exploration organisations; However, the activities of undertakings subject to the Directorate-General of Water Tours, water management organisations managed by national committees, the activities of the regional water management administration of Banská Bystrica, the East Slovak water ducts and the sewerage of Košice, the Centre for Artistic Crafts and the Theatre Service are not regarded as industrial or construction activities.
(3) In order to assess whether the volume of industrial or construction activities and, where appropriate, the sum of such activities exceeds half of the total output, the relevant ratio of industrial and construction revenues to total revenues from production activities * is reached in the previous calendar year; for taxpayers who have incurred during the tax period, the relevant proportion of these sales is in the organisation's plan.
(4) The Directorate-General (Directorate-General), which is liable to tax on profits and capital taxes, only pays profit tax and capital tax in respect of profits from their own activities and own assets. In order to assess whether the Act is subject to a branch (Directorate-General), the number of subordinate organisations subject to these taxes at the beginning of the tax period is decisive.
(5) Foreign trade organisations shall mean:
(a) organisations (enterprises) established under the rules on the State organisation of foreign trade; * *)
(b) other organisations (enterprises) which conduct foreign trade as a principal activity.
Subordinated liabilities
K § 5 of the Act
(1) The contributions referred to in point (a) (1) of the Act, for which the taxpayer is not required under the legislation, are, for example, contributions to voluntary insurance of workers with the State Insurance Company, contributions to voluntary interest or special purpose associations, but not, for example, contributions to the branch directorates to cover the costs of their activities.
(2) The creation or increase of reserves is an ancillary item where it is charged against the costs of a taxpayer in breach of legislation. The different types of reserves which the legislation allows to form are specified in the Directives on the Single Accounting Schedule in the national economy.
(3) The reallocation of funds * * * is made from profits after tax. The amounts received from the reallocation of funds shall not be taxed on the beneficiaries. Only the amounts accepted [Paragraph 5 (c) of the Act] or granted [Paragraph 6 (2) (e) of the Act] are exempt from the reallocation of funds in the coal industry.
Deductible items
Article 6 of the Act
(1) In the case of commercial residential construction carried out in a supplier's way, the taxpayer may deduct 50% of the amounts paid by the supplier as repayments (including repayments of settled advances) or as an invoice supplement in each year for the duration of the construction. *) In the case of corporate housing under its own control, it may deduct 50% of the actual cost of corporate housing in each year during the construction period. In both cases, the total amount deducted may not exceed 50% of the budget price. In the case of corporate housing construction started before 1 January 1970, no account shall be taken of the costs incurred until then.
(2) Where commercial premises, offices, premises, etc., are also built in the framework of corporate housing, the costs of acquiring such premises shall be excluded from the budget price.
(3) Only the amounts paid for corporate housing may be deducted from own resources (including the instalments of the loan for corporate housing drawn up until 31 December 1969) and from the loan drawn up after 1 January 1970, but not the amounts of the subsidies granted to the taxpayer for corporate housing.
(4) If several enterprises are combined to carry out joint housing construction in such a way that one of them is an investor, individual participants may deduct the contribution to corporate housing under the above mentioned conditions, in proportion to the amount of participation.
Tax base
Article 9 of the Act
(1) The advances and repayments provided by investors to suppliers pursuant to § 9 and 10 of Decree No 22 / 1967 Coll. do not reduce the basis of the capital tax.
(2) Only paid-up equity capital shall be regarded as equity capital for domestic equity companies which is part of the taxpayer's assets under Paragraph 9 (1) of the Act.
(3) The remaining price of the basic funds deducted from the taxpayer's assets can only be deducted at the amount covered by the basic funds and investments, not by loans or other sources.
(4) The remaining price of built-in buildings which serve exclusively for civil defence purposes and for specific tasks shall be deducted from the taxpayer's assets.
Article 10 of the Act
The average value of the taxpayer's assets shall be calculated from the value of the assets at 1 January and 31 December of the tax period.
Tax rate
Article 15 of the Act
(1) The volume of wage resources and the average number of staff of the previous year are determined for the purposes of methodological comparability in accordance with the accounting and statistical rules applicable for the current year.
(2) The volume of wages as the basis of the tax on the volume of wages and social security contributions includes all in the current year the paid wages, including other personal expenses and share of profit and loss, which, within the meaning of Section 3 of the Decree of the Ministry of Labour and Social Affairs of the Czechoslovak Socialist Republic No 174 / 1969 Coll., on the direction of wage developments and on the principles of remuneration of labour, are included in the wage funds.
Tax return
Article 21 of the Act
(1) The deadline for submitting a return on corporate taxes may be extended by the Financial Administration (National Committee) for important reasons. The extension of this deadline results in 1 extension of the deadline for the payment of the difference between the advances paid and the amount of tax calculated in the grant (Section 25 (4) of the Act).
(2) The taxpayer is obliged to submit a corporate tax return for the year in which he declared his loss.
Payment of taxes
Article 25 of the Act
(1) The organisation's financial plan is the basis for calculating the monthly advances on profit tax and wage tax.
(2) If, during the year, changes to the financial plan affect the amount of the advances calculated, the taxpayer is obliged to submit a new calculation of the advances to the financial administration (national committee) within 8 days and to pay monthly advances according to the new calculation. The amount of monthly advances due shall not change.
(3) In calculating the profit tax after the end of the quarter, account shall be taken of the deductible and deductible items under Sections 5 and 6 of the Act.
(4) For taxpayers, the financial administration (National Committee), at the request of the taxpayer, shall, as a general rule, set a monthly tax advance equal to one third of the quarterly duty resulting from the distribution of the annual tax liability per quarter, on the basis of seasonal fluctuations in profit-making for the previous year. Monthly advances may also be determined on the basis of a breakdown made by the organisation in the framework of its quarterly obligation for each month.
(5) Each tax shall be paid to a special account of the Financial Administration (National Committee) with the Czechoslovak State Bank and with the Financial Administration (National Committee) shall be charged in a separate account.
Article 26 of the Act
(1) A tax or advance paid on time shall be deemed to be less than that paid by the taxpayer.
(2) The periodic penalty payments are calculated by the financial administration (National Committee) after the end of each quarter and are notified to the taxpayer by an estimate.
(3) The periodic penalty payment is a liability to the amount of the tax due or to the amount of the social security contribution due.
Article 31 of the Act
The contribution shall be paid to the special account of the Financial Administration (National Committee) with the Czechoslovak State Bank.
This decree shall take effect on the date declared.
Minister:
Gaidošík v. r.
*) Account 400 - Sales from production activities
* *) Act No. 119 / 1948 Coll., on state organization of foreign trade and international shipping
* * *) § 39 and § 71 of Government Decree No. 100 / 1966 Coll., on the Planning Management of National Economy, as amended by Government Decree No. 83 / 1967 Coll., No. 16 / 1968 Coll., No. 148 / 1968 Coll. and Government Decree No. 169 / 1969 Coll.
*) Decree No. 22 / 1967 Coll., on invoicing and payment of supplies for investment construction and supply of geological works.
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Regulation Information
| Citation | Decree of the Ministry of Finance of the Slovak Socialist Republic No. 8 / 1970 Coll., implementing Act No. 178 / 1969 Coll., on company taxes and social security contributions |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 25.02.1970 |
|---|---|
| Effective from | 25.02.1970 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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