Net profit transfer
The net profit transfer (NGA) in the GDR was a transfer of the companies to the state budget .
The net profit transfer was set individually for the companies and combines. In terms of effect, it was most comparable to corporation tax . Since the NGA was determined individually, it was used to control the own funds of the companies and combines. The part of the net profit remaining after the net profit transfer was allocated to the operational fund ( accumulation ). If the companies' net profit was not sufficient for the planned fund transfers, the companies usually received fund support . In selected companies, the rule was that from 1987 onwards, 50% of excess profits were payable NGA and the other half remained in the company.
The net profit transfer was recently regulated by several financing guidelines. There were special provisions for nationally owned agriculture.
The income of the state budget from the NGA in 1988 amounted to 43.5 billion marks of the GDR . With the introduction of monetary, economic and social union on July 1, 1990, net profit transfer was abolished.
Individual evidence
- ↑ Bill for Financial Settlement Act DDR, Bundestag printed paper 505/92, page 11, of 14 August 1992, accessed on January 25, 2017
- ^ Federal Statistical Office: Fundamentals, methods and organization of official statistics in the GDR, August 1999, accessed on January 25, 2017
- ↑ Order No. 1 on the Financing Guideline for the Nationally Owned Economy of April 14, 1983 (Journal of Laws of I No. 11 p. 110), Order No. 2 on the Financing Guideline for the Nationally Owned Economy of November 30, 1988 (Journal I No. . 26 p. 285), Order on the Financing Guideline for Nationally Owned Industry and Construction of February 27, 1987 (Journal of Laws of I No. 9 p. 107), Order No. 2 on the Financing Guideline for Nationally Owned Industry and Construction dated November 30, 1988 (Journal of Laws of I No. 26 p. 286)
- ↑ www.spiegel.de: There will be a gray area, June 11, 1990, accessed on January 18, 2017