ADMINISTRATIVE ORDER BY WHICH THE TAX UNIT IS READJUSTED TO BS. 1,500.00 In Official Gazette No. 41,839 of March 13, 2020, Administrative Ruling No. SNAT/2020/00006 (“the Ruling”) issued by the Superintendent of the National Integrated Customs and Tax Administration Service (“SENIAT”) was published. , by means of which the Tax Unit (“U.T.”) was readjusted…
PARTIAL AMENDMENT TO THE DECREE WITH THE STATUS, VALUE, AND FORCE OF ORGANIC CUSTOMS LAW The National Constituent Assembly issued the Constituent Decree of Partial Amendment to the Decree with the Status, Value, and Force of Organic Customs Law (the “Decree”), dated January 29, 2020, and published in Official Gazette No. 6.507 Extraordinary of…
CONSTITUENT DECREES The National Constituent Assembly issued the Constituent Decrees mentioned below and published in Official Gazette No. 6.507 Extraordinary of January 29, 2020. i) Constituent Decree whereby the Tax Organic Code is issued. ii) Constituent Decree That Amends the Decree with the Status, Value, and Force of Organic Customs Law. iii) Constituent Decree that…
PARTIAL AMENDMENT TO THE DECREE WITH THE STATUS, VALUE, AND FORCE OF LAW THAT ESTABLISHES THE VALUE ADDED TAX The Constituent Decree of Partial Amendment to the Decree with the Status, Value, and Force of Law that establishes the Value Added Tax of January 29, 2020 (the “Decree”), issued by the National Constituent Assembly, was…
ORGANIC TAX CODE The Constituent Decree dated January 29, 2020 whereby the Organic Tax Code was issued, was published in Official Gazette No. 6.507 Extraordinary of the same date (the “Decree”). The Decree was issued by the National Constituent Assembly. The Decree repealed the Decree with the Status, Value, and Force of Law of the…
CRITERIA FOR PRESENTATION OF FINANCIAL STATEMENTS – RNC REGISTRATION AND ENABLEMENT A Ruling that Regulates the Criteria for Presentation of Financial Statements as a requirement for registration with and enablement at the National Registry of Contractors( Registro Nacional de Contratistas (RNC) (the “Ruling”), issued by the Central Planning Commission of the National Service of Contracting…
GENERAL TAX RATE OF VALUE ADDED TAX – 16% Decree No. 4.079 of December 26, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.788 of December 26, 2019 (the “Decree”). The Decree fixed the general tax rate of the Value Added Tax at 16%. The Decree became effective on…
SCHEDULE OF NON-SPECIAL TAXPAYERS – ACTIVITIES OF GAMES OF CHANCE 2020 Administrative Ruling No. SNAT/2019/00340 of November 15, 2019, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria – “SENIAT”), was published in Official Gazette No. 41.788 of December 26, 2019 (the…
ACCOUNTING RECORD OF ECONOMIC EVENTS AND TRANSACTIONS STATED IN CRYPTOASSETS A Ruling that Regulates the Recording in the Accounts of Economic Events and Transactions Stated in Cryptoassets, issued by the National Superintendence of Cryptoassets and Connected Activities (Superintendencia Nacional de Criptoactivos y Actividades Conexas – SUNACRIP) was published in Official Gazette No. 41.788 of…
SCHEDULE OF NON-SPECIAL TAXPAYERS – ACTIVITIES OF GAMES OF CHANCE 2020 Administrative Ruling No. SNAT/2019/00340 of November 15, 2019, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria – “SENIAT”), was published in Official Gazette No. 41.788 of December 26, 2019 (the…
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