Cabinet of Ministers Regulations No. 1202 in Riga 2010 December 28 (Mon. No 75 6) amendments to the Cabinet of Ministers on 4 July 2006, regulations No 577 "law" on corporate income tax "rules" Issued in accordance with the law "on enterprise income tax" article 27 do cabinet 4 July 2006 regulations No. 556 the "law" on corporate income tax "rules" (Latvian journal, 2006, 2010, 110 no; no. 27) the following amendments: 1. provisions be supplemented by 2.1 points in this version : "2.1 related companies are not considered liabilities of the Corporation, which is composed of the State or municipality-owned capital."
2. Replace paragraph 8, second sentence, the words "which are not corporate income tax" with the words "which are not corporate income tax (except physical persons who are not registered as agents of economic activity)".
3. Delete the 10, 11, 12 and 13.
4. Replace paragraph 24, the words "the State revenue service territorial institution after its place of registration" with the words "the State revenue service".
5. Delete paragraph 38 of the first and the second sentence.
6. Replace paragraph 44, the words "existing use" of the payer with the words "the person or person belonging to use existing".
7. Deletion of 29.9 points.
8. Add to paragraph 51 of the first sentence after the words "finance charges" with the words "contractual penalties and fines the amount used.
9. Supplement 60 behind the words "European Union" (the fold) with the words "or of the European economic area" (the fold).
10. Replace the 65 the number "56" with the number "00".
11. Add to paragraph 68 of the first and the second sentence, after the words "Member States of the European Union" by the words "or the European economic area countries".
12. Supplement with 69.1 points as follows: "application of law 6.1 article 69.1 of the income obtained from the use of the net tonnage of the ship does not exceed 100 tonnes, the corporate income tax paid in General."
13. To supplement the rules by 73.2 73.1 and point as follows: "article 4.2 of Act 73.1 6.4 parts specified in paragraph 2, the financial monitoring, as well as special permission (license) the issuance of non-bank sector in Latvia is carried out in accordance with the consumer protection law.
73.2 If taxable income must be increased by the portion of the interest payment in accordance with article 12 of the Act and article 6.4 of the rules, the corporate income tax the taxable income is increased by the greater of the amount. "
14. To supplement the rules by 77.1, 77.2 and 77.3 points for the following: "article 9 of the law of 77.1 rules do not apply to stocks that are written down are created in accordance with article 7 of the law.
applying the law of 77.2 article 9 rules, with corporate income tax the taxable income does not reduce the amount of a loss in value added tax.
Article 9 of the law of 77.3 rules apply also to non-recoverable loan amount. "
15. Supplement with 80.1 points by the following: ' article 80.1 law 10.1 example mentioned in the annex to these provisions 7.1. "
16. To complement the 96.1. section behind the words "fixed assets" fifth category "passenger cars, motorcycles, sea and river transport vehicles, air vehicles".
17. Express provisions of paragraph 99.5.2 as follows: "99.5.2." the next tax periods 6. maximum value in the column is calculated using the formula: 6 the previous tax period. + box + 2 box 3 box 4 box 5; ".
18. To supplement the provisions of the following paragraph with 116.1 and 116.2: "application of law 14.1 article 116.1 rules shifting the losses of the tax period when it is reorganized or liquidated, other European economic area resident or a member of the group, residents of a country with which the Republic of Latvia has concluded a Convention or Treaty on the avoidance of double taxation and the prevention of tax evasion, the tax period end may not agree with the Member of the group by the end of the tax period that is transferred. The Group of companies-residents of a country with which the Republic of Latvia has concluded a Convention or Treaty on the avoidance of double taxation and the prevention of tax evasion, or other European economic area countries resident in losses can be transferred only if its reorganization or liquidation, and this was not taken over by another taxable person or to a group of the company's state tax laws do not provide for damages incurred or transfers within a group of companies. Losses are carried forward in the context of the reorganisation or liquidation, may be carried over in the tax period in which the Member of the Group of companies excluded from the taxpayer's register.
the application of law 14.1 article 116.2 of the seventh part 4, on corporate income tax debt is not considered to be the amount that the taxpayer shall adjust the previous taxation period the Declaration and after this adjustment has increased the amount of the tax payable, and the taxpayer has made a calculated tax debt and late payments. "
19. Replace paragraph 117 the number "20" with the number "20.1".
20. Supplement with 122.1 points as follows: "article 18 of the law of 122.1 in the second part of the statement within the municipality for the area of land that is actually being used for the production of agricultural products, must provide information on the current December 31."
21. Replace paragraph 123 the number "20" with the number "20.1".
22. Delete paragraph 124.
23. Replace paragraph 125, the number "20" with the number "20.1".
24. To supplement the provisions of the following paragraph to 125.1 and 125.2: "applying the law of 125.1 20.1 article, about a quarter of enterprises income tax debt is not considered to be the amount that the taxpayer shall adjust the previous taxation period corporate tax return and after this adjustment has increased the amount of the tax payable, and the taxpayer has made a calculated tax debt and late payments.
applying the law of 125.2 20.1 of part of article 7 paragraph 2, on the nature of the transaction is also donating logo placement activities receiving donations or other references to the donor (for example, donating a logo into a book), if there's no specific reward. "
25. Make a point following 127: "applying the law 127. Article 22 of the eighth, agricultural service cooperative society prepares a declaration of its members split the excess and surplus allocated to each Member and shall have 30 days following the approval of the annual report, no later than the annual report shall be submitted within the time limit set by law the State revenue service."
26. To replace the words "in paragraph 128 of the State revenue service territorial institution by location" with the words "the State revenue service".
27. To supplement the provisions of the following paragraphs 130.1: "130.1 application for advance payment of a taxable person shall submit a clarification for the period of a month, which is specified in the advance until the month in which the annual report is submitted."
28.135.136 and replace the words "paragraph State revenue service territorial institution" with the words "the State revenue service".
29.139.138. and be deleted.
30. Deletion of annex 3.
31. Annex 4, to delete the column "territorial authority ENVIRONMENT 32. Replace" annex 4, the words "territorial ENVIRONMENTAL authorities approval" by the words "approval".
33. To supplement the provisions of the following Annex 7.1: "7.1 Annex Cabinet 4 July 2006 regulations no 556 law 10.1 example of applying article in March 2010, the taxable person about 40 000 lats sold the manufacturing building, which on balance value financial accounting is 30 000 lats. in April 2010, the taxable person acquired the residential buildings on 40 000 lats. Given that this building does not provide the same functions as the production building, then the provisions of article 10.1 of the law are not applicable. In January 2011, however, the taxable person acquired another building for the production of 45 000 lats. Thus, in determining corporate income tax with taxable income in 2010, with the corporate income tax, taxable income is reduced by 10 000 lats. While the value of purchased assets from which the invoice needs of tax depreciation is $45 000-35 000 $10 000 = $. "
34. The deletion of Annex 17 column "territorial ENVIRONMENTAL authority" the annex 35.17 to replace the words "territorial ENVIRONMENTAL authorities approval" by the words "approval".
36. Delete box in annex 18. "the State revenue service territorial institution" Minister President, regional development and local Government Minister v. dombrovsky Finance Minister a. Wolf