PARTIAL AMENDMENT TO THE DECREE WITH THE STATUS, VALUE, AND FORCE OF LAW THAT ESTABLISHES THE VALUE ADDED TAX The Constituent Decree of Partial Amendment to the Decree with the Status, Value, and Force of Law that establishes the Value Added Tax of January 29, 2020 (the “Decree”), issued by the National Constituent Assembly, was…
ORGANIC TAX CODE The Constituent Decree dated January 29, 2020 whereby the Organic Tax Code was issued, was published in Official Gazette No. 6.507 Extraordinary of the same date (the “Decree”). The Decree was issued by the National Constituent Assembly. The Decree repealed the Decree with the Status, Value, and Force of Law of the…
CRITERIA FOR PRESENTATION OF FINANCIAL STATEMENTS – RNC REGISTRATION AND ENABLEMENT A Ruling that Regulates the Criteria for Presentation of Financial Statements as a requirement for registration with and enablement at the National Registry of Contractors( Registro Nacional de Contratistas (RNC) (the “Ruling”), issued by the Central Planning Commission of the National Service of Contracting…
GENERAL TAX RATE OF VALUE ADDED TAX – 16% Decree No. 4.079 of December 26, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.788 of December 26, 2019 (the “Decree”). The Decree fixed the general tax rate of the Value Added Tax at 16%. The Decree became effective on…
SCHEDULE OF NON-SPECIAL TAXPAYERS – ACTIVITIES OF GAMES OF CHANCE 2020 Administrative Ruling No. SNAT/2019/00340 of November 15, 2019, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria – “SENIAT”), was published in Official Gazette No. 41.788 of December 26, 2019 (the…
ACCOUNTING RECORD OF ECONOMIC EVENTS AND TRANSACTIONS STATED IN CRYPTOASSETS A Ruling that Regulates the Recording in the Accounts of Economic Events and Transactions Stated in Cryptoassets, issued by the National Superintendence of Cryptoassets and Connected Activities (Superintendencia Nacional de Criptoactivos y Actividades Conexas – SUNACRIP) was published in Official Gazette No. 41.788 of…
SCHEDULE OF NON-SPECIAL TAXPAYERS – ACTIVITIES OF GAMES OF CHANCE 2020 Administrative Ruling No. SNAT/2019/00340 of November 15, 2019, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria – “SENIAT”), was published in Official Gazette No. 41.788 of December 26, 2019 (the…
10-11 newsletter-October-November-2019-ing
RECORDING OF INFORMATION AND ECONOMIC EVENTS IN SOVEREIGN CRYPTOASSETS Decree No. 4.025 of November 19, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.763 of the same date (the “Decree”). Said Decree imposed on natural and public and private legal persons the obligation to record the information and economic…
EXEMPTION FROM IT PAYMENT – COOPERATIVES Decree No. 4.015 of October 23, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.745 of October 24, 2019 (the “Decree”). According to the Decree, the taxable net income of territorial source obtained by Cooperatives organized under the Decree with the Force of…