Secondly, the constitution of this reserve must also be reflected in the articles of association of companies and limited liability companies. Article 170.- (NON-CREATION OF RESERVED). The directors, directors and trustees are jointly and severally liable for the violation of the provisions of the first part of the preceding article and, where appropriate, are obliged to provide the company with an amount equal to the reserve that has still been constituted and may repeat it to the partners for the amount illegally distributed. Enterprises, whatever their nature, may also accept the creation of appropriate special reserves corresponding to prudent management. The percentage, the limit and the destination are agreed by the partners or by the general meetings. is correct or can be taken for the formation of the legal reserve of cumulative results, in other words, this structure is due to the fact that the corporate income tax (EUI) corresponds to the expenditure, but in the Bolivian case, the EUI is not deductible (DS 24051). We can therefore use the following structure to simplify the involvement in the state of the resulados: savings and credit cooperatives, are obliged to make the legal reserve up to 50% of their paid-up capital? and the registration for the adjustment at the end of each management for the previously accumulated: Article 169 of the Commercial Code stipulates that in the case of SA and SRL, the legal reserve must be at least 5% of the liquid and effective profits. If the reserve is calculated on net profit, we must specify whether this is done before or after taxes. Return of asset reserves on the basis of seg UFV. Detail Art. 169.- (LEGAL RESERVE). In the case of public limited companies, a reserve of at least five per cent of the real and liquid profits must be established, up to a maximum of half of the paid-up capital, with the exception of those provided for by special laws. The reserve must be replenished with the profits made before its distribution if it has decreased for any reason.
(Art. 347 HGB). Unlike the politicians of this country who steal, there are other people who do noble things by doing research, finding ideas, etc. Congratulations to the administrators of this site, for the great benefit they give us. Formation of the legal reserve, 5% of the liquid profit, s / g Article 169 of Law 14379 and articles of association of the company. Although it is obvious at first glance that liquid profit is the result once taxes are deducted, it is important to make some clarifications to reach this conclusion. is created with the Bolivian Commercial Code, Law 14379. Section 169 states that there is another regulation for financial institutions. Law 1488 (art.
26) stipulates that for this type of company, the minimum percentage is 10% to 50% of its paid-up capital. Thank you, doctor, really your site saves me a lot. Dear Walter no, it must be the result of management according to the standard. The structure of the income statement is generally as follows: The legal reserve in Bolivia is one of the obligations that FUNDEMPRESA requires for public limited companies. The percentage of applications is at least 5% for companies and limited liability companies until they reach 50% of their paid-up capital.