Post by joita97330 on Feb 11, 2024 11:09:15 GMT
The application presents the following future event The applicant has been running a business since December . under the name D. in the scope of ..A teaching foreign languages School of Foreign Languages ..Z retail sale of clothing ..Z other forms of granting loans Bank SA ..Z activities of advertising agencies. The place of business is S. The business The buyer runs a registered business in the field of retail sales is also an active VAT payer and conducts only taxable activities.AHe maintains his own tax ledger of income and expenses. He settles income tax on a straightline basis.
The buyer will continue to operate in the current location of the seller. In connection Belarus Email List with the above the following questions were asked Is the donation of an organized part of an enterprise described above not subject to the Goods and Services Tax Act pursuant to Art. point of the VAT Act... Will the donation result in revenue subject to income tax by the seller... Should the seller adjust reduce the costs of obtaining income by the value of the donated goods fixed assets and equipment... Is the applicant obliged to correct the accrued tax to an organized part of the enterprise VAT.
The answer to questions No. and regarding personal income tax is the subject of this interpretation. Your request regarding questions No. and regarding the tax on goods and services will be resolved in separate decisions. According to the Applicant vAd.. The donation agreement is unilateral. The donors performance will not result in any reciprocal performance on the part of the recipient. Since the Sellers assets are reduced without any payment the Seller will not obtain any property income and therefore there will be no income on his side within the meaning of the provisions of Art.
The buyer will continue to operate in the current location of the seller. In connection Belarus Email List with the above the following questions were asked Is the donation of an organized part of an enterprise described above not subject to the Goods and Services Tax Act pursuant to Art. point of the VAT Act... Will the donation result in revenue subject to income tax by the seller... Should the seller adjust reduce the costs of obtaining income by the value of the donated goods fixed assets and equipment... Is the applicant obliged to correct the accrued tax to an organized part of the enterprise VAT.
The answer to questions No. and regarding personal income tax is the subject of this interpretation. Your request regarding questions No. and regarding the tax on goods and services will be resolved in separate decisions. According to the Applicant vAd.. The donation agreement is unilateral. The donors performance will not result in any reciprocal performance on the part of the recipient. Since the Sellers assets are reduced without any payment the Seller will not obtain any property income and therefore there will be no income on his side within the meaning of the provisions of Art.