Payment of BONUS ACT & amendments DIWALI bonus calculation in Excel Sheet
Tax and Legal Alert, December 2018, Issue 6 In this issue, we would like to inform you of the latest amendments in the area of direct taxation recently approved by the Slovak parliament, which will apply from 1 January 2019.
An amendment to the Act on the Support of Slot machine casino tips introduces a contribution for a recreational trip.
The contribution provided under the specified conditions will be exempt from personal income tax, and will be tax deductible for the corporate income tax purposes of the employer.
The amendment is valid from 1 January 2019, and for tax purposes it will apply for recreational trips that start after 31 December 2018.
If the value of contribution exceeds 60 EUR, or the proportionate share related to the number of days of accommodation in the relevant calendar months, only the excess will be treated as taxable income.
The above provisions shall apply when preparing the tax reconciliation for 2018, and filing personal and the corporate tax returns after 31 December 2018.
Adjustment of tax base of IFRS tax payers Taxpayers that report accounting results under IFRS will be required upon a change of the accounting method that leads to an increase decrease of equity, to increase decrease their tax base in the tax period when the change occurred.
A taxpayer that has applied the option to revalue financial assets to their fair value via equity with no impact on the accounting resultwill be required upon the realization of such an asset to tax the amount related to any changes booked via equity from the moment of acquisition until the realization except for assets where income from their sale is exempt.
These provisions relate mainly to banks and financial institutions and other IFRS entities, for example, with regard to leases and financial leasing.
The above provisions will be valid from 1 January 2019, and will apply for the first time for tax returns filed after 31 December 2018.
The Slovak Ministry of Finance published a latest bonus act amendment 2019 that lays down tax return forms for corporate income tax and personal income tax purposes, the confirmation forms for filing income tax returns, and guidance on completing an income tax return.
The tax return forms should be used for the first time when filing income tax returns from 1 January 2019.
The MLI will become effective in Slovakia from 1 January 2019.
From the relevant MLI partners, only the following countries slot machine casino tips already ratified the MLI together with Slovakia, and will start to apply latest bonus act amendment 2019 to double tax treaties concluded with Slovakia as of 1 January 2019: Australia, France, Israel, Japan, Lithuania, Poland, Austria, Slovenia, UK, Serbia and Sweden.
The details of the impact of the MLI on provisions of https://money-spin-games.website/100/sbobet-bonus-deposit-100.html double tax treaties will be published in the Collection of Laws separately, under the individual Announcements of the Ministry of Foreign and European Affairs.
The Announcement was prepared in relation to the amendment to the Tax Code which introduced latest bonus act amendment 2019 tax reliability index as of 1 January 2018.
Taxpayers that meet the conditions under the tax reliability index are entitled to several benefits, including, for example, shorter period for confirmations issued by the tax office, local investigation rather than tax inspection, approval go here requests for late payment of taxes or payment in instalments, sending reminders on payment deadlines, slot machine the due date and the 100 free slots for due.
A list of the benefits which can be granted to taxpayers is provided in the Announcement.
As of April 2019, taxpayers will be entitled to double the tax bonus, i.
In other cases, the value latest bonus act amendment 2019 visit web page tax bonus for a taxpayer will remain unchanged, i.
The Slovak Parliament approved the Act on a Special Levy on Retail Chains.
The levy will apply to chains that are not small or medium-sized enterprises, geographically have subsidiaries located in more than 15% of all districts of the SR, and at least 25% of net turnover is from sales of food to final customers.
The levy will be 2.
In relation to the implementation of the special levy, the Income Tax Act has also been amended.
The costs of the special levy will be tax deductible on a cash basis, i.
The Act will be effective from 1 January 2019, and the obligation to pay the levy will apply for the first levy period that belongs to the accounting period that starts after 31 December 2018.
The Act sets the rules for mechanisms for resolving disputes that may arise in connection with double taxation due to the different interpretation and application of bilateral double tax treaties, and the application of the Convention on the Elimination of Double Taxation.
The Act sets formal and factual requirements, including information on steps to be taken by the taxpayer and the competent authorities, as regards resolving a dispute.
The Act will be effective from 1 July 2019, and will be used for applications for elimination of double taxations based on double tax treaties and the Convention filed after 30 June 2019.
© 2017 - 2019 PwC.
Payment of Bonus Act 1965 - Labour Law
What is Payment of bonus Act? In India, there is a principle law relating to the procedure of payment of bonus to the employees and that law is named as Payment of Bonus Act, 1965. The Payment of Bonus Act applies to every factory and establishment which employs not less than 20 persons on any day during the accounting year.
In my opinion it already was discussed
Excuse for that I interfere � At me a similar situation. It is possible to discuss. Write here or in PM.
On your place I would ask the help for users of this forum.
I consider, that you commit an error. Let's discuss. Write to me in PM, we will talk.
The question is interesting, I too will take part in discussion.
You obviously were mistaken
It is a lie.
Completely I share your opinion. In it something is and it is excellent idea. It is ready to support you.
Completely I share your opinion. I like this idea, I completely with you agree.
Yes, in due time to answer, it is important
In it something is. Earlier I thought differently, I thank for the information.
Allow to help you?
I consider, that you are not right. I am assured. I can prove it. Write to me in PM, we will discuss.