Exempt the National Water and Sanitation Company from Payment of Net Asset Tax and Payment of Sales Tax
Congreso Nacional
- Decree: 14-2012
- Published: March 30, 2012
- Issuing body: Congreso Nacional
- Gazette: 32,786
- Category: Financial & Tax
Summary
This law exempts ENAG (a public agency under the Ministry of Interior) from paying Net Asset Tax and Sales Tax when purchasing goods and services necessary for its operations. The exemption is automatic and requires no additional procedures, but authorities can verify its proper use and apply penalties for non-compliance.
Considerations
That Article 5 of the Tax Equity Law establishes an annual scheduled tax applicable to the Net Total Assets of legal entities domiciled in Honduras that have the status of merchants in accordance with the Commercial Code and, in accordance with what is established in Article 2 of the Commercial Code, it is clearly concluded that Section A Decrees and Agreements LEGISLATIVE POWER Decree: To directly and expressly exempt the EXECUTIVE POWER Decree: To approve the Strategic Plan for the Management and Savings of Fuels and Electrical Energy (hereinafter the Plan), which is contained as Annex 1 to this Decree. A. 2-9 SECRETARIAT OF FINANCE Executive Agreement No. 1793 Agreements Nos.: 0388, 0389 and 0390. A. 10-11 PROGRESS A. 12 Section B Legal Notices B. 1-8
That in accordance with Article 245 of the Constitution of the Republic, the President of the Republic is in charge of the General Administration of the State and among his powers is to issue extraordinary measures in economic and financial matters, when the national interest so requires, and must report to the National Congress.
That Article 333 of the Constitution of the Republic establishes that State intervention in the economy shall be based on public and social interest and limited by the rights and freedoms recognized by the Constitution.
That the projections made by the Oil Administrative Commission (CAP) reflect increases in the price of imported fuels, a situation that directly affects the country's economy, with no reduction in the prices of such products being foreseen; making it necessary to apply savings measures in order to reduce its impact both on international reserves, as well as on the national economy.
That the Government of the Republic, with the purpose of reducing the impact caused by the increase To the Executive Power, Therefore, Let it be executed. Tegucigalpa, M.D.C., March 13, 2012. PORFIRIO LOBO SOSA PRESIDENT OF THE REPUBLIC THE SECRETARY OF STATE IN THE OFFICE OF FINANCE. HÉCTOR GUILLÉN LIC. MARTHA ALICIA GARCIA JORGE ALBERTO RICO SALINAS Coordinator and Supervisor Colonia Miraflorés Telephone/Fax: Management 2230-4566 Administration: 2230-3528 Plant: 2230-6767 GOVERNMENT CIVIC CENTER
Articles
To directly and expressly exempt the Decentralized Body, attached to the Secretariat of State in the Offices of Interior and Population, from the payment of Net Asset Tax and from the payment of Sales Tax exclusively in the strict acquisition of goods and services necessary in the fulfillment of its legal functions, without requiring administrative processing for that purpose, as it is an organ of the Public Administration; however, remaining in legal and proper form subject to verification of the effective and appropriate application of this exemption by the competent authorities, who must in any case impose the pertinent legal liabilities in case of non-compliance with what is expressly established in this Decree.
This Decree shall enter into force as of the day of its publication in the Official Gazette "La Gaceta". Given in the city of Tegucigalpa, municipality of the Central District, in the Session Hall of the National Congress, on the seventh day of the month of March of the year two thousand twelve. JUAN ORLANDO HERNÁNDEZ ALVARADO PRESIDENT RIGOBERTO CHANG CASTILLO SECRETARY GLADIS AURORA LÓPEZ CALDERÓN SECRETARY Executive Power EXECUTIVE DECREE NUMBER PCM-010-2012 THE PRESIDENT OF THE REPUBLIC IN COUNCIL OF MINISTERS, CONSIDERING: That in accordance with Article 245 of the Constitution of the Republic, the President of the Republic has charge of the General Administration of the State and has among his powers the authority to enact extraordinary measures in economic and financial matters, when required by national interest, and must report to the National Congress. CONSIDERING: That Article 333 of the Constitution of the Republic establishes that State intervention in the economy shall be based on public and social interest and limited by the rights and freedoms recognized by the Constitution. CONSIDERING: That the projections made by the Petroleum Management Commission (CAP) reflect increases in the price of imported fuels, a situation that directly impacts the country's economy, with no reduction in the prices of such products being foreseen; making it necessary to apply savings measures in order to reduce its impact on both international reserves and the national economy. CONSIDERING: That the Government of the Republic, with the purpose of diminishing the impact caused by the increase To the Executive Power, Therefore, Let It Be Executed. Tegucigalpa, M.D.C., March 13, 2012. PORFIRIO LOBO SOSA PRESIDENT OF THE REPUBLIC THE SECRETARY OF STATE IN THE OFFICE OF FINANCE. HÉCTOR GUILLÉN LIC. MARTHA ALICIA GARCIA JORGE ALBERTO RICO SALINAS Coordinator and Supervisor Miraflorés Colony Telephone/Fax: Management 2230-4566 Administration: 2230-3528 Plant: 2230-6767 CIVIC GOVERNMENTAL CENTER
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