Uncategorized
The Adjustment Plan includes a tax increase for citizens
The City Council approved Telde after a contentious vote and a long break unexpectedly, the Adjustment Plan that will allow them to pay suppliers, thanks to Royal Decree-Law 4/2012 of 24 February, approved by the Government of Mariano Rajoy .
The main measures of tax increases that collects the Adjustment Plan of the local corporation, include the rise in property tax from the present 2012, with a gradual increase of 0.1 until the year 2016 (in 2013 will increase by 0, 2) for the property for Urban Nature. Thus, in 5 years could lead to over EUR 7,700,000 additional collection was made in 2011.
Meanwhile, the Real Nature Rustic, also undergo an annual increase of 0.1 to get the 0.9 in 2015. This paid in 4 years, over € 19,000 in addition to the municipal coffers.
The tax on motor vehicles will update current 1.5 to 1.8, as of January 1, 2013. This will mean an income of over 1,200,000 per year. Furthermore, the business tax to be set between 2.7 to 3.8 minimum to maximum, from January 1 next year, the City will collect more than 1.1 million euros, compared to exercise of 2011.
The builders, installers and works are not spared from the tax increase, as will current 2.75 to 4, from January of 2013, contributing to the municipal coffers a total of 116,734 euros per year.
The City of Telde enhance the tax inspection to discover taxable transactions not taxed at a series of guidelines that take you to enter some 500,000 euros a year. Turn, will balance income and expenditure on the collection and processing of municipal solid waste, revising the rates increase by 50% in 2013 and 50% in 2014.
The owners of Fords will also see increased spending, but will not pay for the meters of facade but by the number of parking spaces. For this, the Consistory inspection work carried out to help you enter more than 186,000 euros.
In addition, the Matching local government provides for a review of “all other fees and public prices,” even those who have not been reviewed in the last 10 or 15 years. Thus, revenues increased by 200,000.
Expenses
The Adjustment Plan includes the creation of a commission of duplication to define the powers of the Administration. In addition, carry out a turnaround plan for the management of some services will change from direct to indirect.
Retirees will not be reset unless it is “essential” during the time of application of the Adjustment Plan. We also will review the agreements of the working conditions in force at present to fit the financial position of the Directors and indemnities be regulated in different collective agreements, “to adapt to the latest labor reform process.” Thus, if the dismissal is deemed appropriate, the employee shall be entitled to compensation of 20 days per year worked.
The consultants do not come free of adjustment, since his salary is reduced by 10%, which will save annually to more than 164,000 euros Consistory. Also, be dispensed with outside consultants and contract managers, and city staff perform those jobs that can be carried out by the Administration. This will be a total annual savings of 400,000 euros.
The deadline to submit the Adjustment Plan is Saturday, March 31. The Ministry of Finance and Public Administration will conduct a review of the Plan and has a maximum period of 30 calendar days from receipt thereof, to communicate whether or not it is favorable. If the City receives no response in that space of time, the valuation is considered unfavorable.
The government raises the income tax and changes of snuff, more expensive the pack
As for the corporate tax is reduced temporarily limit the application of deductions from 35 to 25%.
Is removed indefinitely accelerated depreciation, which continue to exist only for SMEs and for expansion of staff.
A pack of 20 cigarettes costing 4 euros on average is 5 cents more expensive.
With the modification of these taxes, the government estimates that 12.314 million euros raise this year.
Snuff
The tax measures announced Friday by the Government and published in the Official Gazette on Saturday include a series of changes in corporation tax for big business and the excise duty on snuff. It also specifies that the tax amnesty will not help taxpayers who are under investigation.
With the rise and modification of these taxes, the government estimates that raise 12.314 million euros this year.
Corporate Tax
With the amendments of this tax the government hopes to enter 5,300 million euros:
The Royal Decree Law temporarily reduces the ceiling of the application of deductions from 35 to 25%. This eliminates indefinitely accelerated depreciation, which continue to exist only for SMEs and for expansion of staff, which will have a positive impact, as the Executive, 840 million euros.
It eliminates the possibility of deferring to other exercises tax benefits, which will be raised 210 million, temporarily change the system of partial payments, 2,500 million more, and limiting the deduction of financing costs indefinitely for 30% this heading, provided from one million euros, involving a further 1,050 million.
It also establishes a tax on foreign source dividends, which will provide 750 million.
Tax snuff
Restructuring the tax system Tax on the Work of Snuff, acting on specific stretches and ad valorem taxes imposed on cigarettes. This measure would increase state revenues by 150 million euros this year:
We review the tax structure in the case of cigarettes, increasing the weight of the specific component versus ad valorem component, which is reduced by two points.
Thus, the cigarettes will be taxed by a flat rate of 55% (previously 57%) and a specific type of 19 euros per 1,000 cigarettes (so far, the specific type was 12.5 euros per 1,000 ), while the bite will be rolling the proportion of 41.5% and a specific 8 euros per kilo.
Taking as practical example shows a pack of 20 cigarettes snuff it takes on average 4 euros:
If you apply the flat rate of 55% would lower the price about 8 cents (2.28 euros presumably on those 4-to 57% – 2.20 would represent the final price).
On the other hand, if before a pack of 20 cigarettes a specific type assumed 25 cents on the price (when 1,000 cigarettes were valued at 12.5 euros), now with the further increase to 19 euros per 1,000 cigarettes, this is expensive 13 cents, to 38.
Thus, by having to subtract 8 cents proportional rate (the 55%) at the price of a pack of 4 euros, while adding 13 cents on the specific type (19 euros per 1,000 cigarettes), the final price would increase at 5 cents.
Other taxes
The royal decree law also includes measures to provide greater financial autonomy to the municipalities in the Tax on the Increase in Value of Urban Land and administrative measures that help to generate savings in the management of the real estate sector public.
Posted in Finance News, Uncategorized | 
Tags: income tax, modification of these taxes, Tax snuff, taxpayers, The tax measures | 
No Comments »