Amendments To The Law "on Personal Income Tax"

Original Language Title: Grozījumi likumā "Par iedzīvotāju ienākuma nodokli"

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Read the untranslated law here: https://www.vestnesis.lv/ta/id/220960

The Saeima has adopted and the President promulgated the following laws: the amendments to law "on personal income tax" make law "on personal income tax" (the Republic of Latvia Supreme Council and Government Informant, 1993, 22/23.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, nr. 2, 23; in 1995, 8., no. 14; 1996, no. 9; 1997, nr. 3, 21; in 1998, no 1; 1999, nr. 24; 2000, no. 5; 2001, no. 1, 24; in 2002, no 6; 2003, no. 15; 2004, no. 2; in 2005, 2., 8., no. 24; in 2006, 14, no. 22; 2007, 3, 12, no. 24; 2008, no. 12; 2009, 1., 2., no. 15, 16; Latvian journal, 2009, 200, 2010, 82, no. 131) the amendments are as follows: 1. Article 9: Add to the first paragraph 16.1 points, after the word "missions" with the words "travel";
to supplement the first part with a 21.8-point as follows: "351) income that accrued during the period from 1 January 2011 to 2012 December 31 loan (credit) the reduction or deletion, if all the following conditions referred to in this paragraph: (a) the repayment of the liabilities is) (or obligations occurred were) backed by a mortgage on immovable property, (b) the income beneficiary until 2009) January 1, the commitments are entered into for the purpose of ensuring yourself (or your family) to live for real estate and used this loan real estate property purchase, construction, reconstruction or improvement to the reduction of liabilities, c), or delete the date property of the beneficiary of income is not more than one real estate, which use or functional use is meant to be lived in, d) income beneficiary (for the lender) is not and has not been with a company related to the law "on enterprise income tax", e) lender and the income beneficiary is not linked or related by marriage to the third degree of the civil code. ";
Add to article 10 by the following: ' 10. If the payer's liability reduction or deletion results in income that is applied to the first paragraph of this article 35 exemption specified in the first paragraph of this article, the exemption provided for in paragraph 21.8 is not suitable. "
2. Add to article 16.1 of the tenth part as follows: "10. attainment of the income arising from the day the loan (credit) the reduction or deletion shall be deemed the date of entry into force of the agreement being reduced or removed loan (credit)."
3. in article 17: express the tens part paragraph 8 by the following: ' 8) gifts in cash and in other cases, excluding donations (income), which has a loan (credit) the reduction or deletion results; ";
adding to the eleventh part of paragraph 3 by the following: ' 3) for a taxation year of the natural person or the withdrawn reduced loan (credit). ";
Add to article 11.6 and 11.7 of the part as follows: "a natural person to 11.6 tax year following the February 1 issue a natural person — income beneficiary and sends notifications to the State revenue service on physical person amounts paid for tax year natural person (if the donor with the payer does not associate marriage or kinship up to the third degree, within the meaning of the Civil Code) reduced or withdrawn the loan (credit) the obligations secured by real estate mortgages.
the application of this article 7.3 of part 11 in paragraph 3 of the notice on the person paid for the issue of the natural persons and the State revenue service, the notice of the physical person amounts paid individual are specified obligations, secured by mortgage on immovable property, of this law, article 9, first paragraph, the period referred to in paragraph 21.8. "
4. Replace article 18, in the third paragraph, the word "may" with the word "June".
5. Article 19: make the first paragraph by the following: ' 1. Tax Summary, except as provided for in this article shall be calculated and paid to the person in the budget. ";
replace the third paragraph numbers and the words "16 April, 16 May and June 16" with numbers and words, "June 16, July 16 and august 16.";
to make a fifth by the following: "5. the declaration together with the documents to be submitted to national revenue taxation year following the year from 1 March to 1 June. The Declaration display only the information that is not available on national information systems. The State revenue service completed its section of the Declaration, for which the information is available to the public information system. ";
to supplement the article with 5.4 and 5.5 part as follows: "5.4 the State revenue service electronic declaration system ensures that the person is available to fill out the Declaration of the required state information systems information. Person checked, where necessary, also designed to specify and add this information and confirm the veracity of the information given in the Declaration.
5.5 the person who fills in a Declaration on paper, filling out the Declaration for national information systems for the information received from the State revenue service. This information indicates the State revenue service taxpayer's declaration in the Cabinet. "
6. Add to article 29.1 of the second paragraph by the following: "2. The State revenue service, receive this law article 30, paragraph 7 of the application, the time limit for payment for the income obtained a loan (credit) the reduction or deletion, and agree with the person on duty schedule, which will be contributed to the budget of the calculated tax amount of the income. The State revenue service is not calculated if the late payment of the tax for income gained from loan (credit) the reduction or deletion results are carried out in accordance with the tax schedule. The State revenue service calculates the delay money for one quarter of the law "About taxes and duties" in the second paragraph of article 29 in late for each day of delay from the date on which the tax is not paid under the tax schedule. If, upon the expiry of the period of extension, the paying overdue tax payment is not paid in full, the debt is recovered in non-contentious procedure. ";
believe the current text of article about the first part.
7. Supplement article 30 to the point 7 by the following: ' 7) to submit a declaration to the State revenue service application for the Division of payment periods or suspensions to five years for the income gained from loan (credit) the reduction or deletion results. "
8. transitional provisions be supplemented with 63 and 64 the following: "this Act 63. Amendment of article 18, the third subparagraph shall enter into force on January 1, 2012.
64. Amendment to article 19 of this law in the first, third and fifth paragraphs, as well as article 19 5.4 and 5.5 part shall enter into force on January 1, 2012 and is applicable to income from 1 January 2011. "
The Parliament adopted Act 2010 on October 21.
President Valdis Zatlers in Riga V. 10.2010 November