Examples of Tax Amnesty Law in a sentence
In accordance with PSAK No. 70, the outstanding amount of claim, deferred tax assets and provision in the profit and loss will be adjusted in the period of Declaration Letter for Tax Amnesty (“Surat Pernyataan Harta untuk Pengampunan Pajak”) submisition as a result of the loss of right which had been recognized as claim for tax refund, deferred tax assets of accumulated fiscal loss (not compensated) and tax provision in accordance with the Tax Amnesty Law.
Keputusan yang dibuat oleh entitas harus konsisten untuk semua aset dan liabilitaspengampunan pajak yang diakui.PSAK No. 70 provides options in the initial recognition of the assets or liabilities arising from the implementation of the Tax Amnesty Law, whether to follow the relevant existing SAK according to the nature of the assets or liabilities recognized (PSAK No. 70 Par.
PSAK 70 provides options in the initial recognition of the assets or liabilities arising from the implementation of the Tax Amnesty Law, whether to follow the relevant existing SAK according to the nature of the assets or liabilities recognized (General Approach) or to follow the provisions stated in PSAK70 paragraphs 10 to 23 (Optional Approach).
Consequently, even if payment under the Tax Amnesty Law did, as a matter of Peruvian law, result in the renunciation of rights under the LSAs (which in the Tribunal’s opinion it did not do), Peruvian law (“the law of the Contracting State party to the dispute”), and in particular the Tax Amnesty Law, would be inconsistent with applicable principles of international law.
This PSAK provides accounting treatment for assets and liabilities from Tax Amnesty in accordance with Law No. 11 year 2016 about Tax Amnesty ("Tax Amnesty Law") which became effective on July 1, 2016.
Keputusan yang dibuat oleh entitas harus konsisten untuk semua aset dan liabilitaspengampunan pajak yang diakui.PSAK 70 provides options in the initial recognition of the assets and/ or liabilities arising from the implementation of the Tax Amnesty Law, whether to follow the relevant existing SAK according to the nature of the assets and/ or liabilities recognized (General Approach) or to follow the provisions stated in PSAK 70 paragraphs 10 to 23 (Optional Approach).
Moreover, with the close of the Tax Amnesty Law in May, which generated about P5 billion in revenues, the BIR has started to intensify the Run after Tax Evaders (RATE) Program.
In order to benefit from the Tax Amnesty Law, the taxpayer must desist from challenges before “administrative or judicial authorities.” Under each LSA, it was agreed that disputes over the scope of protection provided by the LSA would be referred to arbitration (national or international arbitration, in the case of the Egenor LSA, and ICSID arbitration, in the case of the DEI Bermuda LSA) and not to administrative or judicial authorities.180.
PSAK ini mengatur perlakuan akuntasi atas aset dan liabilitas pengampunan pajak sesuai dengan Undang-Undang No. 11/2016 tentang PengampunanPajak (“UU Pengampunan Pajak”) yang berlaku efektif tanggal 1 Juli 2016.This PSAK provides accounting treatment for assets and liabilities from tax amnesty in accordance with Law No. 11/2016 about Tax Amnesty ("Tax Amnesty Law") which became effective on July 1, 2016.
Id. at 366-374.According to the OSG,13 CS Garment had already complied with all documentary requirements of the 2007 Tax Amnesty Law.