If I understand correctly, another difference is that an Amuta is not supposed to make profit, so it should be perfectly bllanced at the end of each year: you cannot use money you have collected this year, for another year's expenses.
On Tue, 30 Jul 2002, Gabor Szabo wrote: > I have just asked my accountant and he sais that seting up an Amuta > needs 9 people (7 in management and 2 in control) about 15.000 NIS in the > first year (for accounting) and about 10.000 in the folowing years for > accounting. > > Then it taks about 1 year to get the license that allows tax deduction for > those who give money to the Amuta. > The ammota has to pay VAT (MAAM) the same way any person pays > and cannot get it back from the TAX authorities > On the other hand if someone gives you money he does not have to pay you > VAT. This is interesting for people giving you money but for companies > this is not relevant. Also once you get that license the company giving > you money will get 35% tax refund but if you were a company it would get > 36% tax refund. > > > So basically in the first year you have no advantage of being an Amuta > over being an Ltd. and later if you get that license you have advantage > only if you want to receive money from individuals (they can get tax > refund) or if you want to get money from government or special funds of > companies. Otherwise it is the same thing as having a company. > > Ok, maybe it was not that imortant to write this down now but as i had to > sit with my accountant today anyway so I thought i'll share with you > some of our conversation :-) > > > regards > -- Gabor > > > > ================================================================= > To unsubscribe, send mail to [EMAIL PROTECTED] with > the word "unsubscribe" in the message body, e.g., run the command > echo unsubscribe | mail [EMAIL PROTECTED] > > -- Orna. | http://tx.technion.ac.il/~agmon There are only 10 types of people in the world- Those who understand binary, and those who do not. ================================================================= To unsubscribe, send mail to [EMAIL PROTECTED] with the word "unsubscribe" in the message body, e.g., run the command echo unsubscribe | mail [EMAIL PROTECTED]
