Post by account_disabled on Dec 6, 2023 2:56:47 GMT -5
The Tax Ordinance Act, which contains information that, unless separate provisions provide otherwise, taxpayers, payers and collectors may correct a previously submitted declaration. In its justification, the Supreme Administrative Court emphasized, among other things, that the entrepreneur has the right to submit a correction of the declaration until the tax liability expires. Removal from the register of VAT payers does not affect the exercise of the right to correct a declaration issued.
When a given entity was a registered active VAT payer. This , who, until the expiry of the limitation period, have the opportunity to determine a different amount of tax liability than that declared by the entrepreneur. Unfortunately, the tax authorities remain unmoved, as we philippines photo editor can see in the tax interpretations described earlier. Summary This approach of the tax authorities to issuing corrective invoices after the termination of business activity may be very burdensome and unfavorable both for the invoice issuer, but also for his contractors, if an error is found on the issued invoice after the liquidation of the business.
This is controversial because tax liabilities expire years from the end of the year in which they arose. If the tax authority finds any irregularities in the settlements for the period of running a business, it has years to question them. However, after the liquidation of the company, the former entrepreneur is deprived of such an opportunity. This argument is also present in court judgments. Unfortunately, at the moment the tax authorities seem to be adamant.
When a given entity was a registered active VAT payer. This , who, until the expiry of the limitation period, have the opportunity to determine a different amount of tax liability than that declared by the entrepreneur. Unfortunately, the tax authorities remain unmoved, as we philippines photo editor can see in the tax interpretations described earlier. Summary This approach of the tax authorities to issuing corrective invoices after the termination of business activity may be very burdensome and unfavorable both for the invoice issuer, but also for his contractors, if an error is found on the issued invoice after the liquidation of the business.
This is controversial because tax liabilities expire years from the end of the year in which they arose. If the tax authority finds any irregularities in the settlements for the period of running a business, it has years to question them. However, after the liquidation of the company, the former entrepreneur is deprived of such an opportunity. This argument is also present in court judgments. Unfortunately, at the moment the tax authorities seem to be adamant.