Establishing A Tax On Income Of Bodies Of Moral And Society In Subrogation Of Tax On Transfers

Original Language Title: Istituisce Una Tassa Sul Reddito Degli Enti Morali E Delle Societa In Surrogazione Delle Tasse Sui Trasferimenti

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No 12. Law establishing an income tax of legal entities and the companies in subrogation of taxes on transfers. We the Captains Regent of the Most Serene Republic of San Marino We promulgate and publish the following law passed by the Prince and Sovereign Council of the LX in His today's Returned: Art. 1. In subrogation of taxes on transfers is caused by non-profit organizations and corporations, although having based abroad, one of three lire fee for every hundred pounds of their real income subject to ordinary income tax. Art. 2. The following are exempt from the tax for charities and charitable, educational and esistent education legally in the state. Art. 3. From income to be subject to tax is deduced the annual amount of the normal income tax. Art. 4. The tax does not apply if the income does not exceed the million pounds per year. Art. 5. The variations in income have effect in the year following the year in which they occurred. Art. 6. By 15 April each year the Tax Office must transmit to the Office of the Register of Mortgages and a list of institutions subject to tax with the indication for each of the income subject to tax for the year during normal tax that burdens. It must also be within 15 days following completion of the supplementary roles to give the same information about the income annuity not included in the main roles of the years of expertise. Art. 7. No later than 15 May each year, the Conservator of Mortgages fill the role for the collection of the tax. That role is to be published May 16 to 31 at the Registry Office and Mortgages and the Conservative shall inform taxpayers by posting appropriate poster. This publication takes place of individual notification and liquidation of the fee becomes final if it is no appeal against it within a deadline of fifteen days. Art. 8. The fee shall be paid to the Office of the Register of Mortgages in two equal installments from 1 to 15 July and from 1 to 15 December of each year. The delay in payment is punishable by surcharge of five per cent. Art. 9. For the collection of the tax, on the way to decide the disputes and for whatever is not covered by this law, reference is made, insofar as they are applicable, the provisions of law on registration fees. Art. 10. This Act shall apply with effect from 1 July 1943 and pel current year fee must be paid in full from 1 to 15 December. Pel current year the terms set out in Articles 6 and 7 shall be extended by thirty days. Given at Our Residence, this day of March 29, 1942 (1642 dFR). THE CAPTAINS REGENT Carlo Balsimelli - Renato Martelli THE SECRETARY OF STATE FOR INTERNAL AFFAIRS to Giuliano Gozi

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