21:56 Dec 26, 2000 |
Spanish to English translations [Non-PRO] Law/Patents | ||||
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| Selected response from: LinguaVox Spain Local time: 17:57 | |||
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na | Federal Administration of Public Revenue |
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Federal Administration of Public Revenue Explanation: <<As regards structural policies in the fiscal area, the tax reform was approved largely as proposed. This reform will permit a broadening of the taxable base of the VAT, the introduction of a minimum corporate income tax based on firms' assets, improved transfer-pricing rules for tax purposes, and new rules for the deductibility of interest costs from the income tax. The provinces and the federal government have agreed to limit the coparticipation of the yield of the reform of the various taxes, to provide room for the reduction of employers' social security contributions. At the same time, steps have been taken to strengthen tax administration through the introduction of pre-shipment inspection of imports, improvement in tax audit procedures, upgrading of the information system of the Federal Administration of Public Revenue (AFIP), the introduction of a single presumptive tax (monotributo), a tightening of controls on the printing of VAT invoices, and the speeding up of the resolution of court cases in the area of tax enforcement.>> http://www.imf.org/external/NP/LOI/1999/011199.htm Hope this helps! Reference: http://www.imf.org/external/NP/LOI/1999/011199.htm |
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