Draft Law on the Elimination of flat tax and reducing VAT on basic food
Budget Committee of the Chamber of Deputies adopted a report Wednesday admission bill introduced flat tax aimed at repealing the Government in May last year. The normative act will enter into debate in the Chamber of Deputies, as for decision.
Budget, Finance and Banks Chamber of Deputies decided Wednesday by a majority of votes, preparation of reports for admission to several bills that concern a series of fiscal measures such as eliminating the minimum tax, providing facilities for tax payment or 5% VAT on basic foodstuffs and construction of social programs.
The bill establishes the application of a reduced 5% on the tax base for the delivery of bread, meat, milk, vegetable oil and sugar for home delivery as part of social policy, including the land they are built.
Legislative proposal for approval of financial measures for SMEs, aims to grant regulatory incentives to pay outstanding obligations and penalties for late payment exemption unpaid tax liabilities on time due to economic and financial crisis.
According to the normative act, the tax authority given to outstanding tax liabilities following payment facilities:
- Scheduling obligations outstanding, calculated before the coming into force of this law, taxes, fees, contributions and other budgetary revenues, for a period up to 5 years with a grace period of 6 months, included in the schedule, according to the schedule approved by the lender budget
- Delaying the payment for the exemption, to the last term of the schedule chart, the delay increases and penalties of any kind relating to budgetary obligations mentioned, calculated and payable until the entry into force of this law, budgetary obligations contained in certificates issued at the request of the operator.
Draft Law for approval of measures to reduce fees, taxes and social contributions is to introduce a package of measures to reduce fees, taxes and social contributions, aiming to support business, in order to economic recovery, creating new jobs work and preserving purchasing power of population.
Super cool! Finally something intelligent!
July 17th, 2010 at 11:47 ammy question is if and auto services pay flat ... not curing .. only service sites .. currently pay it but I keep hearing rumors that the repair work and maintenance of vehicles not enter the flat ... flatter tax urgent1 ms response please!
August 20th, 2010 at 10:48 am