Accountants must By February 10, 2015, declare all past circumstances that may affect their future income tax liability. In the explanatory letter of the law, it is stated that if previously acquired rights are not declared by this date, taxpayers will lose the right to use them as a tax exemption when making payments in the future.
Companies must declare all the circumstances that allow the invested amounts to be withdrawn tax-free later. Until now, contributions had to be declared only when you wanted to withdraw the capital tax-free.
Circumstances that the accountant must declare may affect the emergence of tax liability:
• contributions made to the company's equity capital,
• income tax withheld and paid in a foreign country,
• received income, on the account of which dividends can be paid tax-free and payments can be made from equity.
In order to avoid the loss of previously acquired rights, entrepreneurs must review all the circumstances that have occurred during the history that would allow the company's income tax liability to be reduced and declare them in time.
From now on, entrepreneurs must declare circumstances that may affect the emergence of tax liability on an ongoing basis that occurred in the following month. See also From the Tax and Customs Board.
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