Post by account_disabled on Mar 10, 2024 23:50:32 GMT -5
The No. and the relevant Regulation are equally valid ommuniqu on Revaluation of Immovable Properties and Other Economic Assets Subject to Depreciation Has Been Published In the Official Gazette dated . the Tax Procedural Law General Communiqu numbered regarding the revaluation of registered real estate and other economic assets subject to depreciation was published. With the Law No. published in the Official Gazette dated . companies were enabled to update their current values in their balance sheets with their historical costs by revaluing the real estate in their assets and depreciated economic assets. Our statements on the subject were included in the Structuring Law Guide that we published on.
This time the procedures and principles for the implementation of the abovementioned legal regulation have been determined with the General Communiqu on Tax Procedure Law No. published in the Official Ecuador Mobile Number List Gazette dated . Communiqu are presented below for your information in full detail. TAXPAYERS WHO MAY SUBJECT THEIR ECONOMIC VALUES RECORDED IN THEIR BALANCE SHEET TO REVALUATION Income taxpayers and corporate taxpayers who own individual businesses including collective limited partnership and ordinary companies that are subject to full liability and keep books on a balance sheet basis have the right to revaluate their economic assets recorded in their balance sheets except for the exceptions written in the Law.
The following taxpayers will not be able to benefit from this application Taxpayers taxed on the basis of limited liability Taxpayers who keep books on the basis of business account including agricultural business account Selfemployed taxpayers who keep a selfemployment earnings book Taxpayers operating in the finance and banking sector Insurance and reinsurance companies Pension companies and pension investment funds Taxpayers who are exclusively engaged in the buying selling and manufacturing of processed gold and silver on a regular basis Taxpayers who are allowed to keep their records in a currency other than.
This time the procedures and principles for the implementation of the abovementioned legal regulation have been determined with the General Communiqu on Tax Procedure Law No. published in the Official Ecuador Mobile Number List Gazette dated . Communiqu are presented below for your information in full detail. TAXPAYERS WHO MAY SUBJECT THEIR ECONOMIC VALUES RECORDED IN THEIR BALANCE SHEET TO REVALUATION Income taxpayers and corporate taxpayers who own individual businesses including collective limited partnership and ordinary companies that are subject to full liability and keep books on a balance sheet basis have the right to revaluate their economic assets recorded in their balance sheets except for the exceptions written in the Law.
The following taxpayers will not be able to benefit from this application Taxpayers taxed on the basis of limited liability Taxpayers who keep books on the basis of business account including agricultural business account Selfemployed taxpayers who keep a selfemployment earnings book Taxpayers operating in the finance and banking sector Insurance and reinsurance companies Pension companies and pension investment funds Taxpayers who are exclusively engaged in the buying selling and manufacturing of processed gold and silver on a regular basis Taxpayers who are allowed to keep their records in a currency other than.