Employment Fund

(Tax News Reporter - Week Ended 7 January 1997)

As of 1 January 1997, the tax inspectorate will be charged with controlling and enforcing payment by employers to the employment fund. The tax authorities and the employment fund have been instructed to work together in organising registration of taxpayers, carrying out audits and checking declarations. The employment fund will still accept declarations for the 4th quarter of 1996, but the general expectation is that the fund will soon cease to exist as an administrative organisation and that declarations will have to be filed with the tax office.

Letter of the Ministry of Labour and the State Tax Service of 14 November 1996 No. 2622-MM and VE-6-07/788