Contabilidade e regras contábeis em Cuba
Accounting Rules
- Tax Year
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The fiscal year begins on January 1st and ends on December 31 of the same year or any 12-months period approved by the tax authorities.
- Accounting Standards
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In January 2006, the Cuban financial information standards (Normas Cubanas de Informaciones Financieras, NCIF) were developed, the result is a mixture of international standards and standards specific to Cuba.
- Accounting Regulation Bodies
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Ministry of Finance and Prices
- Accounting Reports
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The accounting structure includes:
- The balance sheet which must be published on the first day following the end of the registration period. It should contain the assets (long-term capital, fixed assets, current assets), liabilities (Sources of owned capital, Long-term bonds, Credits and other bonds);
- The profit and loss account : Financial result, Profit distribution, Expenses on the budget, Expenses on extra-budget expenditures and other funds, Movement of financial resources for investments in capital or other financial investments.
- Publication Requirements
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The Cuban accounting system imposes on public and\or private companies the duty to release, annually, a certain amount of financial and accounting information. This duty is with regard to:
- A balance sheet
- A profit and loss account
- An incoming and outgoing financial flow summary
- A report on capital evolution.
- Professional Accountancy Bodies
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ANEC , National association of Cuban economists and chartered accountants (Spanish only).
- Certification and Auditing
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The financial statements of any entity subject to taxation in Cuba must be audited annually by an auditor that is duly authorized by the Ministry of Finance.
- Accounting News
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Últimas atualizações em April 2024