Cuba Formulating New Tax System For Independent Economy
According to the October 22, 2010 Granma issue of Cuba, in order to adapt to the current situation, Economics In the situation, Cuba has expanded the scope of its own economy, and the Cuban government is engaged in the individual. Business circles Activists set up a new tax system. To engage in self-management, we must pay corresponding. Sales tax Public service tax, personal income tax and social insurance premium. Self employed employees need to pay labor use tax.
Tax should be paid by Cuban peso.
The individual operator who provides goods and services through the convertibility Peso shall pay taxes after converting the convertible pesos into pesos at the current exchange rate.
The new tax system stipulates that a simple tax system can be adopted for small and relatively simple businesses.
Individuals who are allowed to engage in single individual business activities and do not hire workers will be allowed to pay a certain share of tax each month.
This will enable qualified individual operators to liquidate their personal income tax by the end of the year.
The Cuban Ministry of Finance and price stipulates the minimum monthly share of personal income tax, and the government of Cuba can raise this share as appropriate.
However, individual operators who are engaged in more complicated or involving larger amounts need to liquidate personal income tax.
The calculation method is to deduct the sales tax up to 40% from the annual income of the self-employed person.
Individual operators who engage in commodity sales or labor services need to pay 10% of their sales tax or public service tax monthly.
The individual operators of wage labor should pay 25% of the "labor use tax" for their employees.
The contract workers who calculate the "labor use tax" can not be paid less than 1.5 times the average wage of each district. This will effectively avoid excessive concentration of wealth.
Individual operators who earn more than 50 thousand pesos (US $2300) a year must accept the audit of the simple accounting system and open accounts in the bank. The individual operators who earn less than 50 thousand pesos will need to register their income and expenses.
The tax paid by individual operators will be included in the budgets of various places for local economic development.
"Social insurance premium" is paid according to the needs of individual business people, and the rate is 25%. of their income, which will be used for social welfare such as retirement, medical care and education.
- Related reading
In The First Three Quarters, Guangxi'S Local Tax Revenue Increased By Second &Nbsp; The Western Region Was The First.
|The Carbon Tax Plan Is Being Developed In &Nbsp, Or In The Consumption Link.
|
- financial news | *ST Kerry (002072): The Sale Of Major Textile Assets Is Still About 277 Million Yuan.
- Industry perspective | 2019 Textile And Apparel International Collaborative Innovation Management Forum Held
- Local hotspot | The Small And Medium-Sized Textile Enterprises Promotion Association Was Established Yesterday.
- Market trend | With The Advent Of Long Holidays, There Are Few Transactions In The Market. How Does It Change After The Holiday? When Does Demand Increase?
- Shoe Express | Air Jordan 34 Shoes "Bred" Black And Red Color Exposure, Salute Classic
- Shoe Express | Air Max Plus Shoes New Cool Black Warriors Color Debut, Temperament Extraordinary
- Innovation and invention | The Demand For Functional Textiles Is On The Rise.
- Fashion posters | Splendid Hua Zhang - 2019 Cheongsam Night Blooming Brilliance
- Fabric accessories | China Textile City: Autumn And Winter Women'S Jacquard Fabrics Favored By Many
- Bullshit | Fashionable Women'S Wear, The Most Beautiful National Day Outing, Let You Go Away.
- Build The World'S Top Men'S Wear Base Brand, Favor Wenzhou'S Manufacturing Industry.
- Sweden'S Top Shop Caliroots Pure Handmade Amy Khaki Boots
- Designers Are Fleeting, Fashion Brands Are Hard To Revive.
- The Social Security Law Will Be Implemented In &Nbsp Next July, And The Basic Pension Will Be Co Ordinating The Whole Country.
- How Much "Sexy" Does OL Need To Wear?
- Bosideng: Brand Enters The Era Of "Fast Fashion"
- Dress Etiquette: The Choice Of Ties
- CBRC Chairman: Strictly Control The Risk Of Real Estate Loans Such As Large Housing Enterprises
- White Collar Clothing Guide For Women
- Germany Baker BIRKENSTOCK Outdoor Boots Red Oil Skin