{"id":227599,"date":"2020-09-16T12:18:33","date_gmt":"2020-09-16T16:18:33","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=227599"},"modified":"2020-09-16T12:18:33","modified_gmt":"2020-09-16T16:18:33","slug":"cuban-enterprises-will-receive-tax-benefits-for-increased-exports","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/cuban-enterprises-will-receive-tax-benefits-for-increased-exports\/","title":{"rendered":"Cuban enterprises will receive tax benefits for increased exports"},"content":{"rendered":"<p>Cuba approved a package of tax benefits to encourage exportable productions from both state and private Cuban and foreign enterprises that operate on the island.<\/p>\n<p><a href=\"https:\/\/www.gacetaoficial.gob.cu\/sites\/default\/files\/goc-2020-ex46.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Resolution 222\/2020\u00a0of the Ministry of Finance and Prices<\/a> applies a discount to the tax on profits of state, cooperative and private enterprises, provided they show a percentage increase in sales of products and services for export in relation to the previous year.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">Se disponen por <a href=\"https:\/\/twitter.com\/finanzasprecios?ref_src=twsrc%5Etfw\">@finanzasprecios<\/a>  bonificaciones en el pago de impuestos a productores y prestadores de servicios exportables y con destino a la ZED Mariel. <a href=\"https:\/\/twitter.com\/hashtag\/Econom%C3%ADa?src=hash&amp;ref_src=twsrc%5Etfw\">#Econom\u00eda<\/a> Cubana, <a href=\"https:\/\/twitter.com\/hashtag\/SomosCuba?src=hash&amp;ref_src=twsrc%5Etfw\">#SomosCuba<\/a>. <a href=\"https:\/\/twitter.com\/AlejandroGilF?ref_src=twsrc%5Etfw\">@AlejandroGilF<\/a>, <a href=\"https:\/\/twitter.com\/MMarreroCruz?ref_src=twsrc%5Etfw\">@MMarreroCruz<\/a> <a href=\"https:\/\/twitter.com\/DiazCanelB?ref_src=twsrc%5Etfw\">@DiazCanelB<\/a> <a href=\"https:\/\/twitter.com\/R_Malmierca?ref_src=twsrc%5Etfw\">@R_Malmierca<\/a> <a href=\"https:\/\/t.co\/B9wq7lGJMM\">https:\/\/t.co\/B9wq7lGJMM<\/a><\/p>\n<p>&mdash; Meisi Bola\u00f1os Weiss (@MeisiBWeiss) <a href=\"https:\/\/twitter.com\/MeisiBWeiss\/status\/1306083926805540864?ref_src=twsrc%5Etfw\">September 16, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The regulation will also favor individuals authorized to produce goods or provide services for export, which includes sales to users or concessionaires of the Mariel Special Development Zone, <em><a href=\"http:\/\/www.cubadebate.cu\/noticias\/2020\/09\/16\/aprueban-incentivos-fiscales-para-quienes-produzcan-bienes-o-presten-servicios-exportables\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cubadebate<\/a><\/em> reported.<\/p>\n<p>To access the benefits, \u201cexports must be charged within the fiscal year, except for sales made in the months of November and December, and exceptionally in October, in contracts where a payment term of 90 days is agreed,\u201d according to the regulation.<\/p>\n<p>Another requirement to access the discount is to reduce or not deteriorate the import coefficient of exported products, with respect to the previous year, in the case of business or cooperative sector entities.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"el4hw36X0p\"><p><a href=\"https:\/\/oncubanews.com\/en\/cuba\/cuba-what-does-the-private-sector-need-to-import-and-export\/\">Cuba: what does the private sector need to import and export?<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Cuba: what does the private sector need to import and export?&#8221; &#8212; OnCubaNews English\" src=\"https:\/\/oncubanews.com\/en\/cuba\/cuba-what-does-the-private-sector-need-to-import-and-export\/embed\/#?secret=MwXU1x1h7A#?secret=el4hw36X0p\" data-secret=\"el4hw36X0p\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Compliance is evaluated on the basis of the financial statements of the business or cooperative sector entities, and the records of income and expenses of individuals, as appropriate, according to the source.<\/p>\n<p>The established discounts are applied to taxpayers on their own initiative and the provisions will apply as of 2021, with the close of the fiscal year of the current year.<\/p>\n<p>The resolution authorizes state enterprises and trading entities with 100% Cuban capital to pay their workers the amount resulting from the discount, according to the source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cuba approved a package of tax benefits to encourage exportable productions from both state and private Cuban and foreign enterprises that operate on the island. Resolution 222\/2020\u00a0of the Ministry of Finance and Prices applies a discount to the tax on profits of state, cooperative and private enterprises, provided they show a percentage increase in sales [&hellip;]<\/p>\n","protected":false},"author":3134,"featured_media":227605,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"0","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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