BILL ON SUPPORTING MEASURES FOR ENTREPRENEURS AND INTERNATIONALISATION The abovementioned bill comprises a new Special Regime for the chargeability and payment of VAT in accordance with cash-basis accounting. As a result of this, small and medium enterprises (SMEs) and self-employed individuals may be able to postpone the payment of this tax until invoices are paid. This bill also sets up a System of Incentives for the Investment of Profits, which enables the deduction of gained profits within the tax term if they are invested in the business activity. In addition, a new deduction system for Research, Development and innovation will be implemented. The information provided in this article is not intended to be legal advice, but merely conveys general information related to legal issues. Info by Helping Axarquia.
Posted on: Mon, 15 Jul 2013 17:33:53 +0000
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