Tuesday, April 26, 2011

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income tax to withhold active outdoors.

is part of the rules of law that taxed income.
The regulations of the law that imposes the Income Tax of Individuals (income tax), income from assets that are foreign residents, will include "some withholding agents" of the tribute as "banks, brokers "and other" investment managers overseas " forward official sources told El Pais.

The law imposes income tax at a rate of 12% yields on deposits, loans or any capital placement, in force since 1 January but has not yet been regulated.

The sources said is expected to be ready by decree in the coming weeks.

's appointment-retention agents to be deducted from the rent paid to his client the tax and then turn it over to the Internal Revenue Service, helps ensure the administration of tax collection.

also be set "when (the year) is determined by income," said officials.

The Act provides that "taxpayers have been taxed abroad, the income from capital" mentioned, "may prove" the tribute paid abroad "against the income tax that is generated for the same rent" . It also notes that "credit charge may not exceed the portion of that tax calculated prior to such deduction."

This law also includes the relaxation of bank secrecy and regulation will provide "the relevant procedures of each of the steps" the administration must continue to ask the Court to lift the secrecy.

The law already states that "bank secrecy may be lifted by a court when the director general of Revenue, in exercise of the powers of the DGI audit and tax obligations on non-prescribed, expressly requested and funded to the Courts of First Instance with jurisdiction in civil matters, information on banking operations certain natural or legal persons. "

previous steps to request the Director General of Revenue are to be regulated. Stalk

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