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Agricultural Investment Law Of The Booking

Original Language Title: Maatalouden investointivarauslaki

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Agricultural investment booking law

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In accordance with the decision of the Parliament:

ARTICLE 1 (24.08.1990/720)

The agricultural investment reserve, which the taxable person conducting on the farm economy from the tax years 1983 to 1990 in its tax return, is entitled to do so provides for this law.

ARTICLE 2

The amount of the investment reserve does not exceed 30 % of the pure agricultural income before deduction of the investment reserve, but not more than 40 000 marks. The amount of the investment reserve shall be calculated, with the exception of the overheads of thousands of marks. If the farm income tax law (543/67) The depreciation of the deductible acquisition and basic improvement expenditure referred to in Article 8 (4), Article 9 (2) and Article 10 (3) of the same law shall be deducted from the calculation of the difference between In calculating the permissible amount of the investment reserve. The investment reserve shall not be made if its maximum amount is less than DEM 10 000, and no further than the 10 000 marks. (12.12.1986-2)

The investment reserve shall not be made from the tax years in which previously made investment reservations are used or read as revenue as provided for in Article 9.

The investment reserve will be deducted from the clean income of agriculture in terms of State and municipal taxation.

ARTICLE 3

The taxable person making the investment reserve shall make the deposit (investment savings) To a special account opened for this purpose solely for this purpose, (investment account).

§ 4

The level of investment is 50 % of the investment reserve.

The investment shall be made no later than 1 March of the year following the year following the tax year.

In the event of disruption or other specific circumstances, the Ministry of Finance may extend the period referred to in paragraph 2. (64.1990/319)

§ 5

The mfi shall pay an annual interest rate equal to the interest rate paid by the MFI to the corresponding fixed-term deposit account of the mfi.

The interest paid to the investment balance shall not be considered as taxable income in the case of State and municipal taxes, nor in the form of taxes to be provided on the basis of the investment capital base as taxable assets.

ARTICLE 6

The investment reserve shall be used no later than the fourth fiscal year after the end of the fiscal year for which the investment reserve has been made in the tax return. The previously made investment reserve must be used before.

§ 7

The investment reserve may be used to cover the acquisition and basic improvement of the following agricultural investments:

1. Machinery, equipment and equipment referred to in Article 8 (2) of the Income Tax Act;

(2) buildings and structures referred to in Article 9 of the Income Tax Act; and

3) Sales, bridges, dams and other commodities referred to in Article 10 (1) of the Income Tax Act.

The investment reserve shall be used for the purchase and basic improvement expenditure referred to in paragraph 1 (1) in the tax year in which the commodity is acquired, as well as the acquisition and basic improvement expenditure referred to in paragraphs 2 and 3, in the tax year in which the commodity is Construction has started or has been completed. (15.6.1984/465)

The purchase and basic improvement expenditure referred to in paragraph 1 shall not be deductible from the corresponding reserve. (15.6.1984/465)

§ 7a (30.12.1989, P.

If the taxable person has increased the investment balance and has not used the investment reserve for the purpose mentioned in Article 7, the investment reserve corresponding to the amount of the deposit lodged shall be counted as the taxable income of the tax year during which the deposit is Increased.

§ 8

The taxable person shall, in the context of his/her tax return, report on the amount of the investment reserve made or spent, the investment performance and the location of the investment reserve.

§ 9 (30.12.1989, P.

Where a taxable person has not made use of an investment reservation or has not been read as taxable income within the time limit laid down in Article 6, the amount of the investment reserve left to the taxable person shall not be counted, As a taxable income from the tax year during which the investment reserve should have been used at the latest. The unused investment reserves of the taxable person who has ceased to pursue the agricultural activity shall be counted as taxable income of the tax year in which he is found to have ceased to pursue the agricultural activity. However, it does not count as a result of the death of a taxable person if his undivided estate continues to pursue agricultural activity.

ARTICLE 10

However, no earlier than the beginning of the year in which the investment reserve is used or the revenue from which the investment reserve is counted, the investment reserve used as a taxable income or the investment reserve corresponding to its part shall not be increased, however: Earlier than six months after the investment payment was made.

The mfi shall send an observation notice to the tax office of the taxable person at the place of residence of the taxable person.

ARTICLE 11

More detailed provisions on the implementation and application of this law shall be adopted by the Regulation.

ARTICLE 12 (24.08.1990/720)

This Act shall enter into force on 1 January 1983. The law applies in the tax years from 1983 to 1994.

HE 237/82, yyyy 90-82, relatives 215/82

Entry into force and application of amending acts:

15.6.1984/465:

This Act shall enter into force on 1 July 1984. It shall apply for the first time in the taxation of 1984.

HE 28/84, yyyy 26/84, svk.miet 45/84

12.12.1986/902:

This Act shall enter into force on 1 January 1987. It shall apply for the first time in the taxation of 1987.

HE 117/86, yyyy. 57/86, svk.M. 125/86

6.4.1990/319:

This Act shall enter into force on 11 April 1990.

HE 17/90, the yyyy. 6/90, svk.M. 10/90

24 AUGUST 1990/720:

This Act shall enter into force on 1 January 1991.

HE 64/90, yyyy. 25/90, svk.M. 82/90

30.12.1991/1675:

This Act shall enter into force on 1 January 1992. It shall apply for the first time in the taxation provided for in 1991.

HE 208/91, yyyy. 64/91