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AFIP establishes the relevant legal norms for the calculation, payment and administration of taxes: taxes levied on operations carried out on the national territory of the country and in marine areas fully covered by the national tax policy; taxes, which are imposed on import and export operations, regulated by tax laws and customs regulations;
In the United States, payment in lieu of taxes can arise in several ways: Land owned by the federal government is generally not subject to taxation by state or local governments. Under Public Law 94-565, enacted in 1976, the federal government began making payments in lieu of taxation to local governments affected by this reduction in their tax ...
Fiscalization is mandatory in fiscal countries and every company that works with fiscal devices (retailers, suppliers of POS software) is obliged to fiscalize due to the impact on business elements (sales transactions, sales of diplomats, invoice, discounts, payment correction ...). Fiscal laws change sometimes, so oversight is needed, which is ...
A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
These SPVs and SPCs are not only free of all taxes, duties, and VAT, but are tailored to the regulatory requirements, and the banking requirements of specific segments. [50] For example, the zero-tax Section 110 SPV is a major wrapper in the global securitization market. [ 200 ]
Orphan structure or Orphan SPV or orphaning are terms used in structured finance closely associated with creating SPVs ("Special Purpose Vehicles") for securitisation transactions where the notional equity of the SPV is deliberately handed over to an unconnected 3rd party who themselves have no control over the SPV; thus the SPV becomes an "orphan" whose equity is controlled by no one.
Due to prior purchasing of the stamps in large quantities, some businesses suffered fiscal damage because they purchased the stamps shortly before the changeover to stickers. The requirement to purchase physical revenue stamps or stickers annually was eliminated on 24 June 2014 [ 1 ] It was replaced with an electronic duty system from 2015 onward.
The United States Property and Fiscal Officer (grantor), serves as the grants officer (appointed by the Chief, National Guard Bureau [2]), and is responsible for: Accounting for the proper obligation and expenditure of all Federal funds provided to the State/Territory through the Cooperative Agreement(s) (CA). Making returns and reports ...