For Tax On Income 1

Original Language Title: Per L'imposta Sul Reddito 1

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No. 25. Law amending Article 18 of the Law for the income tax. (1) We the Captains Regent of the Most Serene Republic of San Marino We promulgate and publish the following law approved by the Great and General Council at its meeting on September 14, 1950: Art. 1. Article 18 of Law 16 March 1922, n. 10, is replaced by the following: "For the purpose of accurate determination of pro incomes of the companies and entities in art. 16 is always in the Financial Administration faculty, besides to verify the financial statements on the basis of accounting records, to take into account all the elements and specific data on the evaluation and comparison of it gathered outside the budget and accounting records, in order to adjust the income to tax, in relation to the economic situation of the company, which is inferred from the circumstances and from the elements mentioned above. the Tax Authority is obliged to indicate, both in the assessment that in the decisions, the factual basis of which has corrected the budget income ". Art. 2. This Act shall come into force immediately after its legal publication. Given at Our Residence, this day of September 14, 1950 (1650 dFR). The CAPTAINS Giuseppe Forcellini - Primo Taddei THE SECRETARY OF STATE FOR INTERNAL AFFAIRS ff G. Giacomini (1) Already published separately to the date of promulgation.