Post by joita97330 on Feb 11, 2024 4:10:48 GMT -7
form of a donation of commercial goods previously recorded in the revenue and expense ledger has the effect that the expenses incurred for the purchase of these goods cannot be included in taxdeductible costs. When making a donation of commercial goods the Applicant should therefore adjust the costs because the expenses for the donated commercial goods can no longer be considered to have been incurred in order to obtain revenue.
Corrections should be made on the date of making the donation in column of the tax book of income Belarus Email List and expenses with the sign or in red in accordance with the provisions of section point of the Regulation of the Minister of Finance of August on keeping a tax book of revenues and expenses Journal of Laws No. item as amended. However the donation of assets used in the business that are not classified as fixed assets i.e. equipment does not result in the need to unconditionally adjust the taxdeductible costs due to the prior inclusion of the expenses incurred for the acquisition of these components in these costs.
If the taxpayer proves that the donated assets were actually used in business activity and contributed to generating revenue or maintaining or securing a source of revenue he or she has the right to include the expenses for their acquisition in taxdeductible costs despite the fact that they were transferred free of charge to another person. Pursuant to art. section point of the Personal Income Tax Act of gradually wearing out tangible assets of an enterprise not classified as fixed assets.
Corrections should be made on the date of making the donation in column of the tax book of income Belarus Email List and expenses with the sign or in red in accordance with the provisions of section point of the Regulation of the Minister of Finance of August on keeping a tax book of revenues and expenses Journal of Laws No. item as amended. However the donation of assets used in the business that are not classified as fixed assets i.e. equipment does not result in the need to unconditionally adjust the taxdeductible costs due to the prior inclusion of the expenses incurred for the acquisition of these components in these costs.
If the taxpayer proves that the donated assets were actually used in business activity and contributed to generating revenue or maintaining or securing a source of revenue he or she has the right to include the expenses for their acquisition in taxdeductible costs despite the fact that they were transferred free of charge to another person. Pursuant to art. section point of the Personal Income Tax Act of gradually wearing out tangible assets of an enterprise not classified as fixed assets.