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The Kodiak Revenue Directorate Act (630): Difference between revisions

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FDold>Rakkeyal
(Created page with "''An act to establish a centralized organization for the implementation and enforcement of Title 7.'' ''Passed 26 Sep 2021 with 5 Aye, 0 Nay, 0 Abstain'' ===Article 1 – Es...")
 
FDold>Rakkeyal
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''Passed 26 Sep 2021 with 5 Aye, 0 Nay, 0 Abstain''
 
===Article 1 – Establishment and Management===
1.1 - Establishes the Kodiak Revenue Directorate (KRD) in the capital city of Rykkburgh.<br>
1.2 - The KRD will implement and enforce Acts 2 through 4<br>
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: 1.4.5 - Should a board position remain vacant for 3 months, whether by lack of suitable candidates or Minister Veto, the CEO may appoint an interim board member to allow for continual function of the KRD.
 
===Article 2 – Obligations of Individuals, Businesses, & Corporations===
 
2.1 - Financial Year (FY) Definition: The FY begins at 00:00 July 1st, and ends at 23:59 June 30th.<br>
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: 2.3.5 - A RO, authorized by the Corporation, may engage a tax agent(s) to assist with reporting on their behalf. Doing so does not absolve the RO of their responsibility in 2.3.4.
: 2.3.6 - A tax agent employed by an RO on behalf of a Corporation has an obligation to submit the relevant documents in good faith and not submit documents that are inaccurate or misleading in an effort to assist a Corporation to contribute less than they are required to.<br>
===Article 3 – Penalties===
 
3.1 - The KRD’s main method of enforcement will be in the form of fines. Repeated or egregious offences may be referred to the Chief Justice for consideration of criminal charges.<br>
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