Post by joita973 on Feb 12, 2024 7:58:26 GMT
Taxes Entrepreneurs guide Employees Consumer rights Own business End of the tax year Management Changes at Changes in the law Your friend is we will write aboutBlog Own business From January the rules for taxing assets remaining after the liquidation of a business with income tax have changed. From January the rules for taxing assets remaining after the liquidation of a business with income tax have changed. Until the end of an entrepreneur liquidating a business was obliged to prepare a liquidation inventory which showed the value at purchase prices of goods materials and products and tangible assets.
As well as deficiencies and waste excluding fixed assets. After converting the value of the Cape Verde Email List inventory by the profitability coefficient a liquidation tax was charged on the potential income. The amendment to the Personal Income Tax Act repealed the previously applicable provisions defining the determination of income as at the date of liquidation of a business and the settlement of lumpsum income tax on the liquidation inventory. Liquidation of a business inventory of assets The previous liquidation inventory has been replaced by a list of assets as at the date of liquidation of the business which includes all goods equipment and fixed assets remaining in the company at the time of its liquidation.
The list should contain at least the following elements ordinal number description name of the asset date of acquisition of the asset the amount of expenses incurred to acquire the asset and the amount of expenses incurred to acquire the asset included in tax deductible costs initial value depreciation method the sum of depreciation writeoffs the amount of funds paid due to partners for that is not a legal person as of the date of withdrawal or liquidation upon liquidation or withdrawal from the company. Taxation of income from sales Taxation of income from liquidation inventory at the time of liquidation has been abolished but the sale of listed assets before the expiry of years will be taxed as income from business activity. The sixyear period is defined by.
As well as deficiencies and waste excluding fixed assets. After converting the value of the Cape Verde Email List inventory by the profitability coefficient a liquidation tax was charged on the potential income. The amendment to the Personal Income Tax Act repealed the previously applicable provisions defining the determination of income as at the date of liquidation of a business and the settlement of lumpsum income tax on the liquidation inventory. Liquidation of a business inventory of assets The previous liquidation inventory has been replaced by a list of assets as at the date of liquidation of the business which includes all goods equipment and fixed assets remaining in the company at the time of its liquidation.
The list should contain at least the following elements ordinal number description name of the asset date of acquisition of the asset the amount of expenses incurred to acquire the asset and the amount of expenses incurred to acquire the asset included in tax deductible costs initial value depreciation method the sum of depreciation writeoffs the amount of funds paid due to partners for that is not a legal person as of the date of withdrawal or liquidation upon liquidation or withdrawal from the company. Taxation of income from sales Taxation of income from liquidation inventory at the time of liquidation has been abolished but the sale of listed assets before the expiry of years will be taxed as income from business activity. The sixyear period is defined by.