The Order In Which The Privatisation Agency Taken Deductions For The Privatisation Of State Property, The State Capital And Other Legal Activities As Well As Those Created And Consumed A Reserve Fund And Payments To The State

Original Language Title: Kārtība, kādā Privatizācijas aģentūrai veicami atskaitījumi par valsts īpašuma privatizāciju, valsts kapitāla daļu atsavināšanu un citām normatīvajos aktos noteiktajām darbībām, kā arī izveidojams un izlietojams rezerves fonds un veicami maksājumi valsts

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: https://www.vestnesis.lv/op/2015/240.11


Cabinet of Ministers Regulations No. 680 in 2015 (on 1 December. No. 64 1) the procedure for the privatisation Agency to deductions on State property privatization, the State capital and other legal activities as well as those created and consumed a reserve fund and payments to the State budget in accordance with the Issued law "on State and municipal property privatisation of the object" the third subparagraph of article 6, article 11 of the first and the third part and the public part of the capital of the person and the Corporation management law 143. the third paragraph of article i. General questions 1. determines the : 1.1. procedures for the State joint stock company "Privatization Agency" (hereinafter called the Agency) to deduct from the national property-buildings (structures) (except for the residential home and apartment property), built-up and undeveloped piece of land, the Corporation, part of the capital or other things that are in State property, privatization, public-capital transfer and state capital management results of cash and other revenue (hereinafter referred to as the deductions envisaged by the Agency), as well as the amount of the deduction; 1.2. the reserve funds of the Agency of the use conditions and procedures. 2. All proceeds from privatization of State property and the State capital, as well as the disposal of proceeds from the Agency in possession of the existing State-owned and in property rental and assent of lease purchase of should include the accounts of the Agency.
II. privatization of State property, public property and owned property rental and management of national capital and the proceeds of disposal of the balance of the funds of the State budget State budget in favour of 3 cash amount determined from the total privatization proceeds minus: 3.1 deductions to cover the expenses of privatisation; 3.2 deductions the Agency's reserve fund. 4. The process of privatization funds obtained once a month until the 15th date of the following month after the rule referred to in paragraph 3 of the deduction including the State budget. 5. national capital transfer and state capital management result obtained in the money made in accordance with the provisions of paragraph 2 shall be paid into the accounts of the Agency, on a quarterly basis to the next quarter's first month on the 20th day after agency deductions made for including the State budget.
III. the financing of the Agency the necessary means 6. Expenses related to the privatization certificates and the movement shall be borne by the Agency in accordance with the Cabinet of Ministers of 11 February 2003 regulations No 71 "Privatization certificates and certificate account opening of privatisation". 7. If the Agency is asked to perform such other functions, in the Act of financing source function and order. 8. the Agency provided for deductions in respect of a given month is calculated according to the regulations and accounted for as advances received. 9. If the privatisation of State property, the State capital, evaluation of seizures or other activities, tendering Agency proposed the deductions made in accordance with the agreements. 10. The Agency proposed deductions for privatisation of State property or shares of State forfeiture shall be made on the basis of law or by an order of the Cabinet of Ministers on the privatization or disposal of the property.
IV. Agency for the deduction regulations 11. carrying case and legal services, national property (except real estate property and land) privatisation rules, contest rules, contracts, and other documents related to those conditions, based on the State property transfer and acceptance Act, subject to the following deductions: regulations 11.1.  less than 100 employees – 4325.53 euro for the object; 11.2. from 100 to 499 employees – 11041.49 Euro for the object; 11.3. from 500 to 999 employees-21422.76 euro for the object; 11.4.1000 employees and more – 35924.67 euro for the object. 12. the Privatizējam or movable public property assessment deductions set at actual cost. 13. Real property (including land) specified a deduction of privatisation is 50 percent of the sales price, but not less than 1422.87 euro. If you adjust the sales price shall be adjusted accordingly the amount calculated using the deduction regulations. 14. the control of the purchase agreement from the date of signing of the contract until the privatization or transfer regulations or contractual burden on the end of the maintenance period, as well as State property privatization rules, contest rules, contracts, and other documents related to those conditions are the deduct is fixed for 108.14 euros per contract per month. 15. Privatizējam or in State-owned assets, its liabilities and assets for sale and disposal of State capital deduction is prescribed for five percent of the sales price. If you adjust the sales price shall be adjusted accordingly the amount calculated using the relevant deduction regulations. 16. Real estate ownership in the land register design and reinforcement of certain deductions at actual cost. 17. the Agency in possession of existing State-owned and lease of property of the assent of the allowance is fixed for 50 percent of the rental fee, but no more than 108.14 euros per contract per month.
V. Agency reserves the use of the Fund

18. Reserve Fund the agency used: 18.1. to cover the expenses connected with the purchase contract cancellation and the pre-emptive rights and reverse repurchase (according to actual expenditure referred to some); 18.2. to cover the Latvian National Archive Fund of the supervisory authorities, the expenses related to the Organization of the archive documents state corporations, which passed to the privatisation under the law "On State and municipal property privatisation of object", and State corporations, which passed to the liquidation in accordance with the Cabinet's orders (according to actual expenditure referred to some); 18.3. the Agency in possession of public property privatizējam taken over guarding and management expenses (according to actual expenditure referred to some), if it is not possible to cover them from State property privatisation or subject of the lessee; 18.4. the privatizējam State property insurance to cover, if it is not possible to cover the subject of privatization funds (according to actual expenditure referred to some); 18.5. the Agency referred to in these provisions for tax deductions on State property to the extent that it does not settle from property sales. After the sale of State property or additional revenue generating products received in advance from the reserve fund, transferred back to the Reserve Fund of the Agency; 18.6. the expenses incurred in organizing the auction of shares – the public offer for privatisation certificates; 11.6. the proceedings to cover the Agency's functions (according to actual expenditure referred to some); 12.8. to cover expenditure which, on the basis of the expenditure of the Agency, it is not possible to cover them from the Agency referred to in these provisions for tax deductions. By country, sales of property funds received in advance from the reserve fund, transferred back to the Reserve Fund of the Agency; 11.7. the credit institutions and municipalities, agencies, and other institutions with the privatization certificates and movement related expenses if this rule 7, paragraph revenue is less than the Cabinet's February 11, 2003, regulations No. 71 "Privatization certificates and certificate of account opening the privatisation rules" for expenditure; 18.10. privatization certificate regulations established for deletion; 18.11. Under Cabinet of Ministers on 16 October 2007, regulations no 711 "rules for privatization certificate market intermediation company licences, suspension or cancellation, stamp duty rate on its receipt, as well as the brokerage firm and the supervision order" created through privatisation certificates market society Licensing Commission; 18.12. the following actions, if the national budget for the current year in the law, it does not have the funds: 18.12.1. to cover expenses, which the Agency required the law "on State and local residential privatization" of certain functions, the privatization of its completion, the agency that owned the Uptown, Uptown management for the transfer of rights of owner of public housing or to housing owner agreement between the authorized person; 18.12.2. in the Agency's possession of the country not privatised housing assets (which are rented or leased) management, fees for services rendered and functionally necessary land lease fees (if the residential house located on another owner owned land); 18.12.3. the Agency's existing rented or owned rented public housing property management, fees for services rendered, functionally necessary land rents and real estate tax payments, if it is not possible to cover them from the public housing estate tenants of the privatisation of the entity's or lessee's expense after the entry into force of the Court judgment on rent or lease termination and eviction of the lessee or tenant of the rental or leasing of premises; 18.12.4. to cover expenditure incurred by local authorities in the Agency's possession not privatised in the country, the houses and apartment property, as well as the disposal of such property to the security organisation of procedure; 18.12.5. Uptown privatization information system; 18.12.6. to cover the expenditure incurred, identifying a residential home or their real or supposed, as well as the electricity grid, which agrees with the State as the orphan and the bezmantiniek; 18.12.7. jurisdiction of the State and bezmantiniek orphan assets management, fees for services rendered, functionally necessary land rents and real estate tax payment (where the House is located on a different owner owned land), as well as the possession of the Agency not privatised in the Uptown, and the part of the housing estate for the organisation of procedure of disposal of collateral; 18.12.8. to cover expenditure related to the possession of the Agency in the Uptown and the inadequacy of arbitrary construction effects of prevention and public residential houses (slum) demolition; 18.12.9. the expenses incurred in execution of judgments related to state-owned and in the possession of the Agency for existing residential homes and apartments, parts of the property; 18.13. the Agency acquired the privatizējam in possession of public property taxes and levies to cover (according to actual expenditure referred to some), if it is not possible to cover them from State property privatisation or subject of the lessee; 18.14. with the Agency given the task of carrying out the associated costs, in accordance with the legislation or administrative provisions; 18.15. the Agency to cover the costs of winding up (if it is not possible to cover them from the funds of the Agency).
VI. final question 19. Be declared unenforceable in the Cabinet of Ministers of 20 December 2011 Regulation No 976 "order in which deductions to the privatisation Agency for privatisation of State property, the State capital and other regulatory legislation activities, created and consumed a reserve fund, and outstanding payments to the State budget" (Latvian journal, 2011, 2013, 202. no; 250. no). The Prime Minister is the Rapidity of the Newsletters Finance Minister John a Rare