Cuban Parliament Delays Income Tax Collection for State-owned Company Workers

HAVANA, Cuba, Jul 8 (acn) The Cuban Parliament modified the 2016 Budget Law to delay till October the payment by workers at state-run companies of an income tax derived from bonuses received apart from their basic salaries and stemming from high production results and the distribution of company gains.

The lawmakers passed the project as proposed by the Finances and Price Ministry, which also includes the delay of a special workers´ contribution to social security.
The 2016 Budget Law established the collection of the income tax and the special contribution to social security starting on the second half of the year. The tax will be collected starting in October, on the basis of the income received by the workers according production results and gain distribution in September, according to the proposal by the Finance and Price Ministry.
Minister Lina Pedraza backed the measure by explaining that an evaluation of technical and organizational conditions to implement the measures revealed that the training of those involved in the process was not yet sufficient. Over 1.3 million workers had been trained up to June to carry out the task, standing for 91 percent and this suggest keeping on with the training process.
On the other hand, the software for accounting systems are not yet ready, said the Finance minister, adding that for all these reason they found it convenient to delay the collection of the taxes till the fourth quarter of the year.