I.- FINANCIAL, INSURANCE AND SECURITIES MARKETS
1.- Control standard for treasury management in savings and credit cooperatives, mutual savings and credit associations for housing, central banks and the national corporation of popular and solidary finances.
The Superintendency of Economy, Popular and Solidarity issued Resolution No. SEPS-IGT-IGS-INSESF-INR-2022-0262, by which it published the “Control standard for treasury management in savings and credit cooperatives, mutual savings and credit associations for housing, central banks and the national corporation of popular and solidarity finances”.
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2.- Control regulation for the prevention, detection and eradication of the crime of money laundering and financing of crimes such as terrorism in foundations and civil corporations whose main purpose is to grant loans, for the purposes of the provisions of Article 8 of the General Regulations of the Organic Law of Humanitarian Support to Combat the Sanitary Crisis derived from the COVID.
The Superintendence of Economy, Popular and Solidarity issued Resolution No. SEPS-IGT-IGS-INR-INSEPS-INGINT-2022-0261. SEPS-IGT-IGS-INR-INSEPS-INGINT-2022-0261, by which it published the “Control Standard for the prevention, detection and eradication of the crime of money laundering and financing of crimes such as terrorism in foundations and civil corporations whose main purpose is the granting of loans, for the purposes of the provisions of Article 8 of the General Regulations of the Organic Law of Humanitarian Support to Combat the Sanitary Crisis Derived from the COVID”.
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II.- TAX
1.- Rules regulating the procedure and requirements for the refund of value added tax (VAT) to persons with disabilities or their substitutes.
By Resolution No. NAC-DGERCGC22-00000045, issued by the Internal Revenue Service, the “Rules regulating the procedure and requirements for the refund of value added tax (VAT) to persons with disabilities or their substitutes” came into force. Among several aspects the following was determined:
“Art. 2.- VAT refund mechanisms. – The mechanisms for the refund of VAT paid or generated in the acquisition of goods and services by persons with disabilities or their substitute are:
1. refund by administrative act.
2. Automatic refund for transactions carried out with electronic vouchers.”
“Art. 4.-VAT paid on goods and services subject to refund. – Persons whose disability is equal to or greater than thirty percent (30%), or their substitutes, according to the qualification made by the national health authority, may request the refund of VAT paid on the local acquisition of the following goods or services, as mandated by law; namely:
(a) Goods and services for personal use and consumption of persons with disabilities and/or their substitutes;
b) Prosthesis for persons with hearing, visual and physical disabilities;
c) Orthotics;
d) Equipment, medicines and elements necessary for their rehabilitation;
e) Equipment, machinery and work tools, specially designed and adapted for use by persons with disabilities;
f) Elements of assistance for accessibility, mobility, care, hygiene, autonomy and safety;
g) Special pedagogical equipment and material for education, training, sports and recreation;
h) Elements and equipment for information technology, communications and signaling; and,
i) Equipment, machinery and all raw materials used to manufacture products for the exclusive use of persons with disabilities.”
“Art. 6.- Periodicity for the submission of the application. – It shall be possible to request the
VAT refund may be requested for each completed monthly period. The request for refund may accumulate several periods.
Several refund requests may be filed for the same period, as long as they are for values not previously requested on which there is already a pronouncement by the Tax Administration, and there is a balance available for said period in favor of the beneficiary”.
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DISCLAIMER: The text contained in this newsletter is for informational purposes only. Lince – Saltos & Asociados is not and shall not be liable for any loss or damage caused as a consequence of having acted or failed to act on the basis of the contents of any of the notes contained herein.
