Mozambique: Tax debt amnesty and simplification
|
|
- Giles Campbell
- 8 years ago
- Views:
Transcription
1 Mozambique: Tax debt amnesty and simplification Mozambique is implementing as from January 2011 measures aimed at clearing tax debts and stimulating tax payers to regularize their obligations, namely, through amnesty, payment in instalments and compensation of tax debt. Tax debt Amnesty As per the Law nº 8/2011 dated January 11, the amnesty covers any fines, interests, legal costs of execution cases and other legal charges arising from taxes or breach of accessory obligations which debt was born until December 31, The debt amnesty is granted providing the tax payer regularize his tax in debt until December 31, The government should still approve regulations to this exceptional regime. The additional measures include the payment in instalment and compensation of tax debts with the approval of new regulation to the provisions of the Law Nº 2/2006, dated March 22 regarding the general principles and rules of the Mozambican tax legal system, applicable to all national and municipal taxes. Indeed, the said law establish in Article 148 the possibility of the taxpayer who is unable to comply fully and at once with the payment of tax debts can apply to pay in instalments before or after the deadline for payment. Further, article 44 of the aforementioned law establishes the possibility of compensation to clear partially or in total tax debts. Payment in Instalments The regulation, approved by Decree Nº 45/10, dated November 2 and published in Government Gazette Nº. 43, Series I, with the same date, lays down the procedures for payment in instalments of tax debts resulting from personal and corporate income tax, which can be summarised as follows: Scope
2 The regulation covers only income taxes, excluding, however, withholding tax. The payment in instalments (e.g. principal tax debt, penalties, interest and other charges), can be made during the period of voluntary payment and/or in the phase of tax execution and will not suspend the accrual of interest or other legal charges due, levied on the part of the remaining debt. Requirements To benefit from this type of payment the taxpayer must submit, before the competent tax department and within the deadline indicated in the notification document, a grounded application to the Minister of Finance, indicating (i) the nature of debt and (ii) The number of instalments sought, within the legal ceiling. Monthly maximum limit of instalments If the application is accepted, the total amount of the tax debt should be divided into the maximum number of authorized instalments for which payments should be monthly and successive. The number of monthly instalments is set at a maximum of 12 months for payment to be made during the period for voluntary payment and 24 months in the case of debt in tax execution. Failure The lack of any payment of instalments will make the other instalments due immediately and lead to establishment of procedures for the tax execution of the debt. It is worth to underline that in case of default of a payment authorization in instalment in the voluntary phase, the taxpayer is forbidden to seek a new instalment payment in the execution phase. Compensation of Tax Debts Compensation is a form of mutual extinction of tax obligations. In other words, occurs when a debtor taxpayer is also a creditor of the tax authority and the first is discharged from his debt through his credit.
3 It is, therefore, the meeting of debts between the parties related to credits recognized by administrative act or court decision that the taxpayers are entitled to as a result of overpayments of taxes. According to the Decree Nº 46/10, dated November 2 and published in Government Gazette Nº. 43, Series I, the compensation can be made with any tax debt, except where there are already special rules for compensation. Procedures This mechanism of extinguishment of debt can occur by initiative of the tax administration or the taxpayer. In general, the compensation by the tax administration s initiative occurs when the taxpayer exceeds the amount effectively due. In this case, the tax administration shall notify the taxpayer and, with their consent, use this overpayment to offset any future tax debt. In case after compensation of the debt remains a balance, the taxpayer may use the credit to offset future tax debts and the tax administration is therefore obliged to issue a Credit Note in his favour. It is highlighted that credits resulting from refunds, administrative review, complaint or favourable decision of administrative and judicial appeals of any administrative act are mandatorily applied in compensation. The exception is for situations in case of an appeal or opposition to debt execution or when this is being paid in instalments. Compensation by initiative of the taxpayer is made under the same terms and conditions as the compensation by public administration s initiative, within the payment deadline until the initiation of the tax execution process.
4 The institutionalization of Credit Note The regulation provides the institutionalization of a Credit Note, an instrument to acknowledge the tax payer s creditor position. The credit note should be used to compensate taxpayers debts previous or subsequent to its issuance. At the request of interested parties, if the amount of Credit Note is higher than the debt amount to compensate, the Credit Note can be divided into as many notes as necessary for future compensation for debts of the same taxpayer. The Credit Note term is one year after the notification if it is not collected. In turn, the right to use the Credit Note expires within five years from the date of issuance. The taxpayer may request a refund in cash the Credit Note s amount in application to the Minister of Finance within 30 days before expiry mentioned above. It is important to add that the credits granted before the entry into force of the regulation shall continue to be analysed and treated in accordance with the procedures concerning refunds and cancellation of overpayments. Hierarchy of Compensation Compensation must be made in the following order of preference: - Debts of the same nature and in these first the ones of the same tax year; - Debts from withholding taxes or legally passed on to third parties and not paid; - Debts from other taxes. If the amount of the credit is insufficient to compensate all the main debt and additions, the credit is applied in the following order: - Interest on arrears; - Other legal charges; - Fines, and - Tax debt including interest.
5 If the claim is insufficient to compensate all the debts in the same hierarchy of preference, the compensation must obey the following order: - Older Debts; - In with the same seniority, the highest value; and - In the same ground, with any debts. Final Note The measures approved intend to clear the debts accrued, stimulate the tax payers to comply with their obligation and prevent that they are not lapsed as a result of the inability of the administration to handle the demand of execution cases. In the other hand, the regulations on payment in instalments and compensation tax debts is filling a shortcoming in the rules of the tax administration system and constitute an instrument to promote compliance with obligations and settlement of debts with the treasury trough a mechanisms that do not create burden and do not interfere heavily with the operations and assets of the taxpayers. Yasser Issá Consultant Tax and Legal Services PricewaterhouseCoopers Legal yasser.issa@mz.pwc.com
U.S. Department of Education Employer s Garnishment Handbook Revised February 10, 2009
U.S. Department of Education Employer s Garnishment Handbook Revised February 10, 2009 Table of Content Introduction Overview... 3 Legislative Authority... 4 Under This Authority:... 4 Sec. 34.19 Amounts
More informationNATIONAL PAYMENT SYSTEM ACT
(official gazette Narodne novine, No. 117/2001) NATIONAL PAYMENT SYSTEM ACT I GENERAL PROVISIONS Article 1 This Act shall regulate the functioning of the national payment system. Article 2 "Payment system"
More informationDEBT RECOVERY POLICY
DEBT RECOVERY POLICY OBJECTIVE 1.1 The objective of the Debt Recovery Policy is: To ensure that money owed to the Comhairle is collected as soon as possible using efficient, effective and fair debt recovery
More informationApp-1 Definitions Accrual of Action. For debt collection, this is the point in time after which a legal action may be brought against a debtor.
APPENDIX 1 1900.25 REV-4 App-1 Definitions Accrual of Action. For debt collection, this is the point in time after which a legal action may be brought against a debtor. Generally, this is recognized as
More informationSubpart C Administrative Wage Garnishment
Small Business Administration 140.11 (m) Where an IRS tax refund offset is sought, SBA must follow the Department of the Treasury s regulations governing offset of a past-due, legally enforceable debt
More informationNEW PROTECTION FOR THAI GUARANTORS AND MORTGAGORS 11 FEBRUARY 2015
BRIEFING NEW PROTECTION FOR THAI GUARANTORS AND MORTGAGORS 11 FEBRUARY 2015 AMENDMENTS TO THE THAI CIVIL AND COMMERCIAL CODE COME INTO EFFECT TODAY. THESE CHANGES AFFECT THE WAYS GUARANTEES AND MORTGAGES
More informationU.S. SMALL BUSINESS ADMINISTRATION COMMERCIAL LOAN SERVICING CENTER
U.S. SMALL BUSINESS ADMINISTRATION COMMERCIAL LOAN SERVICING CENTER 2120 RIVERFRONT DRIVE, SUITE 100 LITTLE ROCK, AR 72202-1794 (501) 324-5871 FAX (202) 481-2231 FREQUENTLY ASKED QUESTIONS About Administrative
More informationTMF Group Croatia Amendments of the General Tax Act are now in force
TMF Group Croatia Amendments of the General Tax Act are now in force The General Tax Act amendments came into effect on 17 March 2015. Please find below the most important changes: The definition of a
More informationTerms and conditions for the use of Visa credit cards
Terms and conditions for the use of Visa credit cards 1. Scope and definitions These terms and conditions for the use of Visa credit cards are applied to the credit account granted by Sampo Bank (hereinafter
More informationMANUAL ON THE IMPLEMENTATION OF ASSISTANCE IN TAX COLLECTION
MANUAL ON THE IMPLEMENTATION OF ASSISTANCE IN TAX COLLECTION MODULE ON A GLOSSARY OF TAX COLLECTION TERMS USED IN THE MANUAL The manual currently consists of the following Modules: General Module: Part
More informationState of Iowa Offset Program. Department of Administrative Services State Accounting Enterprise
State of Iowa Offset Program Department of Administrative Services State Accounting Enterprise Offset Program City Participation -Overview -Participation -Vendor Offsets -Tax Offsets -Questions 2 Function
More informationOntario Works Policy Directives
Ontario Works Policy Directives 9.3 Recovery of Overpayments Legislative Authority Sections 19-23, 28(6) and 32 of the Act Section 62 of Regulation 134/98. Section 10 of Regulation 135/98. Audit Requirements
More informationFACTORING INSURANCE CONTRACT GENERAL CONDITIONS
FACTORING INSURANCE CONTRACT GENERAL CONDITIONS OP/FI-FACT/034-GC-eng 1 GENERAL CONDITIONS Article 1 - DEFINITIONS For the purposes of this Contract: 1. Arab Origin shall mean, for the purpose of this
More informationHow BC s Builders Lien Act Applies to Contractors
How BC s Builders Lien Act Applies to Contractors The purpose of this summary is to give a general idea of the rights and liabilities which flow from the most important provisions in the Act. This summary
More information1.00 PURPOSE, STATUTORY AUTHORITY, RESPONSIBILITY, APPLICABILITY, DEFINITIONS, AND RULE
DEPARTMENT OF PERSONNEL AND ADMINISTRATION Division of Finance and Procurement ACCOUNTS RECEIVABLE COLLECTIONS 1 CCR 101-6 [Editor s Notes follow the text of the rules at the end of this CCR Document.]
More informationGENERAL TERMS AND CONDITIONS FOR EURO-DENOMINATED PAYMENTS WITHIN SEPA
1 (5) GENERAL TERMS AND CONDITIONS FOR EURO-DENOMINATED PAYMENTS WITHIN SEPA These general terms and conditions are valid from 1.6.2010. If there is any inconsistency between the different language versions,
More informationLAW ON THE PROTECTION OF FINANCIAL SERVICES CONSUMERS
LAW ON THE PROTECTION OF FINANCIAL SERVICES CONSUMERS Chapter I GENERAL PROVISIONS Subject matter Article 1 This Law shall regulate the rights of consumers of financial services provided by banks, financial
More informationLEGAL SCHEME REGULATIONS
LEGAL SCHEME REGULATIONS These Regulations came into force on 1 July 2014. 1 Introduction 1.1 These Regulations govern the Union s legal Scheme. The Rules of the Union set out your other rights and entitlements.
More informationU.S. Department of Treasury Offset Program (TOP)
U.S. Department of Treasury Offset Program (TOP) The Treasury Offset Program (TOP) enables the U.S. Department of Treasury to reduce or withhold any of your eligible federal income tax refund by the amount
More informationHow To Settle A Trade At Fish Pool
Appendix 4 to the Fish Pool Rulebook Finalisation, default and settlement of Non-Cleared (bilateral) trades Table of contents: 1. General provisions:... 2 2. Matching of Non-Cleared Trades... 2 3. Confirmation
More informationRevenu Québec www.revenu.gouv.qc.ca. Collection of Tax Debts and Support Debts
Revenu Québec www.revenu.gouv.qc.ca Collection of Tax Debts and Support Debts Revenu Québec ensures, among other things, the collection of income tax and consumption taxes. The tax-collection activities
More informationGuidelines for Offer in Compromise Program
Guidelines for Offer in Compromise Program Overview of Offer in Compromise Program An Offer in Compromise is a request by a taxpayer for the Michigan Department of Treasury (Treasury) to compromise an
More informationJURISDICTION: OKLAHOMA TAX COMMISSION DECISION 2009-03-24-02 / NON-PRECEDENTIAL P-08-055-H DATE: MARCH 24, 2009
JURISDICTION: DECISION CITE: 2009-03-24-02 / NON-PRECEDENTIAL ID: P-08-055-H DATE: MARCH 24, 2009 DISPOSITION: DENIED TAX TYPE: IRS LEVY APPEAL: ON APPEAL / OK S.CT. 107,003 AMENDED FINDINGS OF FACT AND
More informationThis test letter is NOT to be sent to a taxpayer. This text does not appear on production letters.
Letter This test letter is NOT to be sent to a taxpayer. This text does not appear on production letters. Subject: Demand for payment and intent to levy wages This letter is to notify you of a debt referred
More informationNebraska Debt Management Statutes
Nebraska Debt Management Statutes Neb. Rev. Stat. 69-1201. Terms, defined. As used in sections 69-1201 to 69-1217, unless the context otherwise requires: (1) Debt management shall mean the planning and
More informationInsolvency practitioner regulation regulatory objectives and oversight powers
Insolvency practitioner regulation regulatory objectives and oversight powers Legislative changes introduced on 1 October 2015 December 2015 1 Contents Introduction Part 1: Overview of regulatory objectives
More informationSummary: Intervention & Options
Summary: Intervention & Options Department /Agency: HMRC Title: Impact Assessment for Payments, Repayments and Debt: The Next Stage Stage: Final Version: 2.0 Date: 14 April 2009 Related Publications: Payments,
More informationUNIVERSITY OF WORCESTER
UNIVERSITY OF WORCESTER POLICY DEBT MANAGEMENT POLICY: STUDENTS Contact Officer Account Receivable Manager Purpose A detailed guide of the debt management process for the University in relation to student
More informationSection 1. INTRODUCTION Page 1. Section 2. ISSUING ACCOUNTS Page 2. Section 3. INTERNAL DEBT Page 5. Section 4. FOLLOW UP PROCEDURE Page 7
THE MORAY COUNCIL SUNDRY DEBT MANAGEMENT POLICY CONTENTS Section 1. INTRODUCTION Page 1 Section 2. ISSUING ACCOUNTS Page 2 Section 3. INTERNAL DEBT Page 5 Section 4. FOLLOW UP PROCEDURE Page 7 Section
More informationEFFECTIVE from October 6, 2014. NASDAQ OMX Riga Rules ON CASH AND FINANCIAL INSTRUMENT SETTLEMENT
EFFECTIVE from October 6, 2014 NASDAQ OMX Riga Rules ON CASH AND FINANCIAL INSTRUMENT SETTLEMENT APPROVED by the Meeting of the Supervisory Board on August 31, 2004 Amendments approved by the Meeting of
More informationNotice to Delinquent Taxpayers
Notice to Delinquent Taxpayers Department of the Treasury Alcohol and Tobacco Tax and Trade Bureau TTB P 5610.1 (1/04) Previous Editions are Obsolete NOTICE TO DELINQUENT TAXPAYERS INTRODUCTION When you
More informationORDER to promulgate the Act on Prevention of Late Payment (ZPreZP)
Legal notice All effort has been made to ensure the accuracy of this translation, which is based on the original Slovenian text. All translations of this kind may, nevertheless, be subject to a certain
More informationHow To Pay Court Fees In The Civil Courts
EX50 Civil and Family Court Fees From 22 April 2014 Important information This leaflet sets out a selection of civil and family court fees. It is not the full list, neither is it the authority on fees.
More informationGeneral Terms and Conditions for Pre-shipment Risk Insurance GTC P
General Terms and Conditions for Pre-shipment Risk Insurance GTC P Valid from 31 March 2012 (Version 2.2/2012) Table of Contents 1 Object and Scope of the Insurance 3 2 Liability Period 4 3 Insured Risks
More informationSTUDENT LOAN INFORMATION
STUDENT LOAN INFORMATION 1. Data of the creditor Creditor Address Activity licence Telephone number E-mail Fax number Web address Membership in associations Supervisory authority Swedbank AS, registered
More informationDebt and the How to Collection Process. Larry W Durant, CPA Chief, Receivable Management Office Farm Service Agency
Debt and the How to Collection Process Larry W Durant, CPA Chief, Receivable Management Office Farm Service Agency Why I Work Back in the Old Days (before 1996) Treasury and OMB combined to coordinate
More information1. The place of performance for all aspects of the delivery agreement shall be the place of the commercial business of the seller.
Standard Conditions of the German Textile Industry Version as of: 01/01/2015 1 Scope of Application 1. The standard conditions shall apply solely between merchants. 2. All deliveries and services of the
More informationFIFE COUNCIL INTEGRATED INCOME COLLECTION AND DEBT RECOVERY POLICY
Appendix A FIFE COUNCIL INTEGRATED INCOME COLLECTION AND DEBT RECOVERY POLICY INTRODUCTION 1.1 This document details the Council s policies on the billing, collection and recovery of monies due to the
More informationtax corrs Editors: september 2012
corrs tax Editors: Welcome to the September 2012 edition of the Corrs Tax newsletter. We bring you brief summaries of topical taxation issues, as well as their implications for your business. In this issue:
More informationIMPORTANT THIS GUIDANCE SHOULD ONLY BE USED FOR PROGRAMMES FROM 1 APRIL 2015. Debt Arrangement Scheme (DAS) Business DAS
Debt Arrangement Scheme (DAS) Business DAS Guidance for Payments Distributors Relevant Legislation The Scottish Parliament approved the Debt Arrangement Scheme (DAS) by passing the Debt Arrangement and
More informationVoluntary and Involuntary Debt Collections
Authoritative Sources: Department of Defense 7000.14-R, Vol. 5, Chapter 8 Department of Defense 7000.14-R, Vol. 5, Chapter 24 Department of Defense 7000.14-R, Vol. 4, Chapter 3 Department of Defense 7000.14-R,
More informationEstate Planning and the Provision of Electronic Certification Services
No. 248/71 (4) Regulation for the Provision of Electronic Signature Certification Services THE HELLENIC TELECOMMUNICATIONS & POST COMMISSION (EETT) Taking into account: a. Law No. 2867/2000 "Organization
More informationPROCEDURE. Part 5.9: Settlement Payment Methods and Schedule PUBLIC. Market Manual 5: Settlements. Issue 17.0 MDP_PRO_0036
PUBLIC MDP_PRO_0036 PROCEDURE Market Manual 5: Settlements Part 5.9: Settlement Payment Methods and Schedule Issue 17.0 This procedure describes the activities and schedule required by the IESO and Market
More informationOffer in Compromise. Worksheets to calculate an acceptable offer amount using Form 433-A and/or 433-B and Publication 1854*
Department of Treasury Internal Revenue Service Form 656 (Rev. 1-97) Catalog Number 16728N Form 656 Offer in Compromise What you should know before submitting an offer in compromise Worksheets to calculate
More informationTerms and Conditions for Payment of Fees 2015-2016
Terms and Conditions for Payment of Fees 2015-2016 All Terms and conditions shown below are secondary to the rules and regulations of the University as defined in the Student Handbook. By agreeing to the
More informationSupplementary materials
Supplementary materials XX Merger, transformation and dissolution of business entities The dissolution of business entities is described within the Companies Law. Examples of dissolution provided by the
More informationGENERAL TERMS AND CONDITIONS OF DELIVERY AND PAYMENT MITSUBISHI ELECTRIC EUROPE (BENELUX)
Definitions GENERAL TERMS AND CONDITIONS OF DELIVERY AND PAYMENT MITSUBISHI ELECTRIC EUROPE (BENELUX) Where these terms and conditions refer to Mitsubishi, this shall be understood to mean MITSUBISHI ELECTRIC
More informationWorkers Compensation (Insurance Premiums) Amendment (Premium Discount Scheme) Regulation 2001
New South Wales Workers Compensation (Insurance Premiums) Amendment (Premium under the Workers Compensation Act 1987 and Workplace Injury Management and Workers Compensation Act 1998 Her Excellency the
More informationUNITED STATES TRUSTEE REGION 8 GUIDELINES FOR DEBTORS-IN-POSSESSION
UNITED STATES TRUSTEE REGION 8 GUIDELINES FOR DEBTORS-IN-POSSESSION 1. GENERAL REQUIREMENTS A. Compliance with Laws & Rules - The debtor is required to comply in all respects with the Bankruptcy Code,
More informationEmployment Development Department Accounts Receivable for Benefit Overpayments
Employment Development Department Accounts Receivable for Benefit Overpayments Introduction In addition to collections of the State's employment tax program, the Employment Development Department (EDD
More informationCourt fees are payable at the time you file any document or commence any process requiring a fee, unless otherwise stated.
EX50 Civil and Family Court Fees From 6 April 2015 Important information This leaflet sets out a selection of civil and family court fees. It is not the full list, neither is it the authority on fees.
More informationBUSINESS AFFAIRS. (a) Withholds a student's diploma, transcript, or other instruments of degree confirmationverification,
BUSINESS AFFAIRS 577-072-0005 Collecting Accounts and Notes Receivable (1) As directed by Oregon State Board of Higher Education Administrative Rule, OAR 580-041- 0010(1), the Office of Business Affairs
More informationSchedule 4 Offences and Penalties
Schedule 4 Offences and Penalties The following Penalties shall apply in respect of any offences against or breach of the Health Insurance Law and these Regulations: Offence 1. Failure to subscribe or
More informationGENERAL TERMS OF DELIVERY AND PAYMENT
GENERAL TERMS OF DELIVERY AND PAYMENT General terms of delivery and payment of the public limited company, registered in Almelo (the Netherlands), and all the companies affiliated to, filed at the office
More informationGeneral Terms and Conditions for Supplier Credit Insurance GTC S
General Terms and Conditions for Supplier Credit Insurance GTC S Valid from 31 March 2012 (Version 2.2/2012) Table of Contents 1 Object and Scope of the Insurance 3 2 Liability Period 3 3 Insured Risks
More informationLAW ON PLEDGE OF MOVABLE ASSETS REGISTERED IN THE PLEDGE REGISTRY I. GENERAL PROVISIONS
LAW ON PLEDGE OF MOVABLE ASSETS REGISTERED IN THE PLEDGE REGISTRY (Published in the Official Gazette of the Republic of Serbia No. 57/03, 61/05, 64/06) I. GENERAL PROVISIONS Subject Matter of the Law Art.
More informationPlease read and sign the following. This is to confirm you have received and read all of the. Client ID: EDS <<ClientID>> Version 2.5.
Terms and Conditions of Business Please read and sign the following. This is to confirm you have received and read all of the Terms and Conditions of Business. Client ID: EDS Version 2.5.7
More informationCITY OF EDMONTON BYLAW 12914 TAX PENALTY, INTEREST AND MONTHLY PAYMENT BYLAW (CONSOLIDATED ON JANUARY 1, 2016)
CITY OF EDMONTON BYLAW 12914 TAX PENALTY, INTEREST AND MONTHLY PAYMENT BYLAW (CONSOLIDATED ON JANUARY 1, 2016) CITY OF EDMONTON BYLAW 12914 TAX PENALTY, INTEREST AND MONTHLY PAYMENT BYLAW Whereas, pursuant
More informationCross Border Debt Collection Procedures
Cross Border Debt Collection Procedures Bulgaria Hungary Serbia Slovakia Romania Time Limit Time Limit Time Limit Time Limit Time Limit Time limits are connected with prescription.standard prescription
More informationOffer in Compromise. Basic Information Concerning. A publication of the Louisiana Department of Revenue P.O. Box 201, Baton Rouge, LA 70821-0201
Basic Information Concerning Offer in Compromise A publication of the Louisiana Department of Revenue P.O. Box 201, Baton Rouge, LA 70821-0201 August 2004 R-20211 This public document was published at
More informationINSOLVENCY (BANKRUPTCY & LIQUIDATION) AND CHARGING ORDER POLICY
EK SERVICES POLICIES AND PROCEDURES INSOLVENCY (BANKRUPTCY & LIQUIDATION) AND CHARGING ORDER POLICY EK Services Insolvency & Charging Order Policy 1 Contents 1. Introduction and purpose of policy document
More informationCircular No 16 @ November 2014
Circular No 16 @ November 2014 Corporate Insolvency Introduction The new Insolvency Act 2011 provides for the administration, receivership and liquidation of companies, and for the licensing of insolvency
More informationIf instalments are not paid as they are due a reminder will be sent requiring payments to be brought up to date within 7 days.
APPENDIX 1 DEBT RECOVERY POLICY This debt recovery policy of South Lakeland District Council aims to maximise income from all revenue generating sources whilst incorporating a sympathetic approach to the
More informationGENERAL RULES FOR INTERNATIONAL FACTORING
GRIF GENERAL RULES FOR INTERNATIONAL FACTORING 03/10/2011 GRIF General Rules for International Factoring Page 2 of 20 TABLE OF CONTENTS SECTION I General provisions... 4 Article 1 Factoring contracts and
More informationTax & Duty Manual. Procedures for Personal Insolvency Caseworking. Collector-General s Office
Tax & Duty Manual Procedures for Personal Insolvency Caseworking Collector-General s Office Updated November 2015 Table of Contents 1. Background Legislation...4 2. Procedures for Dealing with Personal
More information815 CMR 9.00: DEBT COLLECTION AND INTERCEPT. Section
815 CMR 9.00: DEBT COLLECTION AND INTERCEPT Section 9.01: Purpose, Application and Authority 9.02: Definitions 9.03: Billing Entity Requirements for Collection of Debts 9.04: Simultaneous Submission of
More informationINFORMATION SHEET ON FACTORING (PURCHASE and MANAGEMENT OF ENTERPRISE S ACCOUNT RECEIVABLES) (update in force as from 01 07 2015)
INFORMATION SHEET ON FACTORING (PURCHASE and MANAGEMENT OF ENTERPRISE S ACCOUNT RECEIVABLES) (update in force as from 01 07 2015) INFORMATION ON THE BANK Banca IFIS S.p.A. Registered office: Via Terraglio
More informationGuidelines for Writing Off Fines
Guidelines for Writing Off Fines Document No: 1 Version No: 1.0.2 Date: 9 May 2012 Contact: John Ovenstone Deputy Director, State Debt Recovery Office of State Revenue Table of Contents 1 Policy Statement
More informationHow To Understand The International Factoring Rules
GRIF GENERAL RULES FOR INTERNATIONAL FACTORING 08/10/2013 GRIF General Rules for International Factoring Page 2 of 21 GRIF General Rules for International Factoring Page 3 of 21 TABLE OF CONTENTS SECTION
More information815 CMR: COMPTROLLER'S DIVISION 815 CMR 9.00: DEBT COLLECTION AND INTERCEPT. Section
815 CMR 9.00: DEBT COLLECTION AND INTERCEPT Section 9.01: Purpose, Application and Authority 9.02: Definitions 9.03: Billing Entity Requirements for Collection of Debts 9.04: Simultaneous Submission of
More informationPolicy No: F&A 03-15 Approved by Council: June 26, 2013 Resolution: 2013.12.16. The policy should assist in:
Treasury Department Policy Section: Finance & Accounting Content Updated: Supersedes Policy: Policy No: F&A 03-15 Approved by Council: June 26, 2013 Resolution: 2013.12.16 Pages: 1 of 11 GENERAL ACCOUNTS
More informationCompensation, Breach of Contract and Fees
I. Compensation: Compensation, Breach of Contract and Fees (I) Lenders in transactions through fixed-rate and competitive-auction may be unable to claim their dividends, bonus or other benefits from the
More informationNC General Statutes - Chapter 55 Article 14 1
Article 14. Dissolution. Part 1. Voluntary Dissolution. 55-14-01. Dissolution by incorporators or directors. (a) The board of directors or, if the corporation has no directors, a majority of the incorporators
More informationUniversity of St Andrews. Failure to Pay Policy
University of St Andrews Failure to Pay Policy Contents Introduction... 2 Matriculation... 2 Payment of Tuition and Accommodation Fees... 2 Sponsors... 3 Payment Plans... 3 Instalment Plans by Credit/Debit
More informationDSA. Guide to a Debt Settlement Arrangement
nseirbhís Dócmhainneachta na héirea DSA Guide to a Debt Settlement Arrangement n Insolvency Service of Ireland A Debt Settlement Arrangement enables an eligible insolvent debtor to reach agreement with
More informationDebt Management Procedures Financial Procedure
Section 1 General Introduction 2 General Debtors 3 Research Debtors 4 Student Debtors 5 Former Student Debtors 6 Debtor Write Off Authority Limits 7 Complaints 1. General Introduction Effective credit
More informationBill of Legislation on adjustment of inflation-indexed housing mortgages. Art. 1 Objective
Parliamentary document 837 Item 485 Bill of Legislation on adjustment of inflation-indexed housing mortgages (Submitted to the 143 rd legislative session of the Althingi, 2013-2014) Art. 1 Objective The
More informationActorcard Prepaid Visa Card Terms & Conditions
Actorcard Prepaid Visa Card Terms & Conditions These Terms & Conditions apply to your Actorcard prepaid Visa debit card. Please read them carefully. In these Terms & Conditions: "Account" means the prepaid
More informationHow To Get A Tax Credit In Rhode Island
in conjunction with the Table of Contents Page Rule 1. Purpose.... 2 Rule 2. Authority.... 2 Rule 3. Scope.... 2 Rule 4. Severability.... 2 Rule 5. Definitions... 3 Rule 6. Eligibility.... 8 Rule 7. Tax
More informationThe Private Vocational Schools Regulation Act, 1995
1 PRIVATE VOCATIONAL SCHOOLS REGULATION, 1995 c. P-26.2 The Private Vocational Schools Regulation Act, 1995 being Chapter P-26.2 of the Statutes of Saskatchewan, 1995 (effective December 15, 1995) as amended
More informationBankruptcy YOU SHOULD ALWAYS CHECK WITH YOUR LEGAL COUNSEL FIRST. I. What Happens When You Receive Notification of Bankruptcy?
Bankruptcy YOU SHOULD ALWAYS CHECK WITH YOUR LEGAL COUNSEL FIRST I. What Happens When You Receive Notification of Bankruptcy? When an institution receives a notice that a borrower has filed a petition
More informationCHAPTER 20 - BENEFIT REPAYMENT 20.2
FOOD TAMP CLAIM AND REPAYMENT PROCEDURE When an AG has been issued more Food tamps than it was entitled to receive, corrective action is taken by establishing either an Unintentional Program Violation
More information(Informal Translation) Chapter One. General Provisions. 1- The deposit of securities with the Company or with any licensed entity;
CAPITAL MARKET AUTHORITY (Informal Translation) Central Securities Depository and Registry Law No. 93 of 2000 Chapter One General Provisions Article 1 In this Law, the Company means a company licensed
More informationKingdom of the Netherlands
Kingdom of the Netherlands GENERAL GOVERNMENT PURCHASING CONDITIONS 2014 (ARIV 2014) Adopted by order of the Prime Minister, Minister of General Affairs, of 26 March 2014, no. 3132081 I General Article
More informationUNITED STATES BANKRUPTCY COURT DISTRICT OF UTAH, DIVISION In re CASE NO. 09-00000 SSN: xxx-xx-1234 CHAPTER 13
APPENDIX G CHAPTER 13 MODEL PLAN UNITED STATES BANKRUPTCY COURT DISTRICT OF UTAH, DIVISION In re CASE NO. 09-00000 SSN: xxx-xx-1234 CHAPTER 13 CHAPTER 13 PLAN MOTION TO VALUE COLLATERAL AND AVOID LIENS
More informationGeneral Conditions of Service for American Express Business Credit Card
General Conditions of Service for American Express Business Credit Card This document describes conditions (hereinafter Conditions) of using the bank credit made available on the basic and card accounts.
More informationDetermining Tax Liability Under Section 505(a) of the Bankruptcy Code
Determining Tax Liability Under Section 505(a) of the Bankruptcy Code Section 505(a) of the Bankruptcy Code (the Code ) provides the means by which a debtor or trustee in bankruptcy may seek a determination
More informationPART ONE PRACTICE AND PROCEDURE (60 minutes)
PART ONE PRACTICE AND PROCEDURE (60 minutes) ANSWER THE QUESTIONS IN THIS PART OF THE EXAMINATION IN ANSWER BOOK/S SEPARATE FROM THE ANSWER BOOK/S CONTAINING ANSWERS TO OTHER PARTS OF THE EXAMINATION Question
More informationYour Rights As A Taxpayer
Your Rights As A Taxpayer Most people understand they have a duty to pay all taxes imposed by the State of Maine when taxes are due. Many people, however, do not know that the law gives them some important
More informationRATLOU LOCAL MUNICIPALITY
RATLOU LOCAL MUNICIPALITY CREDIT CONTROL AND DEBT COLLECTION POLICY Original Council Approval Date of Council Approval Resolution Number Effective Date Amended CONTENTS CREDIT CONTROL AND DEBT COLLECTION
More informationMANDATORY VEHICLE INSURANCE Terms and conditions No. 500
These insurance terms and conditions consist of three independent insurance contracts and are divided into four sections. The final section applies jointly to all three insurance contracts. The division
More informationSTATUTORY INSTRUMENTS. S.I. No. 281 of 2010 EUROPEAN COMMUNITIES (CONSUMER CREDIT AGREEMENTS) REGULATIONS 2010
STATUTORY INSTRUMENTS. S.I. No. 281 of 2010 EUROPEAN COMMUNITIES (CONSUMER CREDIT AGREEMENTS) REGULATIONS 2010 (Prn. A10/0843) 2 [281] S.I. No. 281 of 2010 EUROPEAN COMMUNITIES (CONSUMER CREDIT AGREEMENTS)
More informationInstructions for Forms 1099-A and 1099-C
2016 Instructions for Forms 1099-A and 1099-C Department of the Treasury Internal Revenue Service Acquisition or Abandonment of Secured Property and Cancellation of Debt Section references are to the Internal
More informationMichigan s New Wage Garnishment Procedures: What Employers Need To Know
Michigan s New Wage Garnishment Procedures: What Employers Need To Know September 9, 2015 Brian D. Shekell (313) 965-8803 bshekell@ AGENDA What are garnishments, and why should my business care? Key changes
More informationNOTE - This document is provided for guidance only and does not purport to be a legal interpretation. PERSONAL INSOLVENCY ACT 2012
Background to and purpose of the Act PERSONAL INSOLVENCY ACT 2012 EXPLANATORY MEMORANDUM The Act provides for the reform of personal insolvency law and will introduce the following new non-judicial debt
More informationConditions means the standard terms and conditions set out in this document;
October 2014 Conditions of Supply for Electricity SME Business Customers These are our terms and conditions which are applicable to Commercial Customers with tariffs in Duos Group DG1, DG2, DG 5 or DG
More informationDOMESTIC BUSINESS BUILDER POLICY
Policy of Insurance Credit Guarantee Insurance Corporation of Africa Limited Reg no 56/00368/06 31 Dover Street Randburg P O Box 125 Randburg 2125 Telegraph 'Credinsur' Johannesburg Telex 4-20508 SA Telephone
More informationCOLLECTION AND DEBT REPAYMENT PRACTICES REGULATION
Province of Alberta FAIR TRADING ACT COLLECTION AND DEBT REPAYMENT PRACTICES REGULATION Alberta Regulation 194/1999 With amendments up to and including Alberta Regulation 57/2014 Office Consolidation Published
More informationThe attached instructions are for employers who have employees that are subject to wage garnishment in connection with the Federal Student Loan
The attached instructions are for employers who have employees that are subject to wage garnishment in connection with the Federal Student Loan Program. 1 THE STUDENT LOAN PROGRAM PROGRAM OVERVIEW The
More informationwww.nelincs.gov.uk North East Lincolnshire Council - Corporate Debt Recovery Strategy
Executive Director Business Services Rob Walsh B.A. (Hons) Solicitor www.nelincs.gov.uk North East Lincolnshire Council - Corporate Debt Recovery Strategy Background. As part of Transactional Services
More information