Post by account_disabled on Nov 4, 2023 0:57:12 GMT -5
The settlement of bad debt relief in the absence of income is described in the linked publication . Important! If the receivable is settled or sold, the entrepreneur is obliged to increase the taxable income in the settlement for the period in which the receivable was settled or sold. Example On July , , the th day passed from the expiry of the payment deadline for the invoice for the amount of PLN , . The entrepreneur/seller has reduced taxable income for this amount. In September , the debtor settled the outstanding liability in full. This means that taxable income for September should be increased by PLN , and an advance payment on income tax.
Should be paid on this amount. Summary The settlement of bad debt relief under tax regulations has a different philippines photo editor dimension for the creditor and a different one for the debtor. The creditor has the right to benefit from the relief and the debtor has the obligation. This means that in the case of the debtor, failure to pay the obligation within days will always result in an increase in taxable income in the settlement for the period in which the days expire. However, it is irrelevant to the debtor whether the creditor took advantage of bad debt relief or not. The creditor may benefit from the relief already during the tax year when calculating income tax advances.
However, it is important that the amount of income is not lower than the amount of receivables. If this happens, the difference can be settled in subsequent periods during the tax year. Bad debt relief is settled regardless of the chosen form of business taxation. The relief is available to entrepreneurs who pay tax according to the tax scale, flat tax or flat-rate income tax. Share with others Up Previous article General partnership.
Should be paid on this amount. Summary The settlement of bad debt relief under tax regulations has a different philippines photo editor dimension for the creditor and a different one for the debtor. The creditor has the right to benefit from the relief and the debtor has the obligation. This means that in the case of the debtor, failure to pay the obligation within days will always result in an increase in taxable income in the settlement for the period in which the days expire. However, it is irrelevant to the debtor whether the creditor took advantage of bad debt relief or not. The creditor may benefit from the relief already during the tax year when calculating income tax advances.
However, it is important that the amount of income is not lower than the amount of receivables. If this happens, the difference can be settled in subsequent periods during the tax year. Bad debt relief is settled regardless of the chosen form of business taxation. The relief is available to entrepreneurs who pay tax according to the tax scale, flat tax or flat-rate income tax. Share with others Up Previous article General partnership.