Post by account_disabled on Nov 22, 2023 23:41:20 GMT -6
He was exempt from the obligation to increase his income by the value of the outstanding payment obligation Relief for bad debts in PIT - end of Covid relief The regulations allow for preferential settlement of bad debt relief until the end of the calendar year in which the state of epidemic was canceled due to COVID- , . until the end of . The settlement of relief for bad debts in the so-called transition period. The regulations do not expressly address this issue.
The question arises as to how the creditor and the debtor should approach this. End of relief for bad debts according to Covid facilities Creditor's approach Debtor's approach If the -day payment deadline resulting from the sales documents invoice, bill, contract falls in , the provisions photo editing servies in the wording adopted for the duration of the epidemic should apply. If days from the expiry of bill or contract expires by the end of , the debtor does not have to increase taxable income. However, if this period moves to.
The debtor is obliged to increase the tax base by unpaid invoices. The adopted procedure is for informational purposes only. If an entrepreneur finds himself in such a situation, he should consult the relevant tax office or tax advisor about whether such a solution is correct. After the end of the tax year, both the creditor and the debtor who used the bad debt relief in the income tax for a given tax year must prepare and submit information on receivables and liabilities reducing and increasing the basis for calculating the tax loss on the PITWZ form. Such information is provided for the last time in the settlement for.
The question arises as to how the creditor and the debtor should approach this. End of relief for bad debts according to Covid facilities Creditor's approach Debtor's approach If the -day payment deadline resulting from the sales documents invoice, bill, contract falls in , the provisions photo editing servies in the wording adopted for the duration of the epidemic should apply. If days from the expiry of bill or contract expires by the end of , the debtor does not have to increase taxable income. However, if this period moves to.
The debtor is obliged to increase the tax base by unpaid invoices. The adopted procedure is for informational purposes only. If an entrepreneur finds himself in such a situation, he should consult the relevant tax office or tax advisor about whether such a solution is correct. After the end of the tax year, both the creditor and the debtor who used the bad debt relief in the income tax for a given tax year must prepare and submit information on receivables and liabilities reducing and increasing the basis for calculating the tax loss on the PITWZ form. Such information is provided for the last time in the settlement for.