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When withdrawing items from business activity, we prepare a liquidation protocol, which will include the most important information, including: such as: name of the ingredient, cause and method of disposal. If, after the equipment has been withdrawn to private property, it is damaged and disposed of, the entrepreneur should ensure that such activities are carried out taking into account the provisions on environmental protection and waste equipment. Important.
If the withdrawn equipment is sold from the company's assets within years of its withdrawal, the entrepreneur is philippines photo editor obliged to pay personal income tax. This period runs from the first day of the month following the month in which the withdrawal took place until the date of paid disposal In the case of entrepreneurs paying a flat-rate income tax, the income from the sale of withdrawn equipment will be taxed at a rate of %, regardless of the flat-rate rate applicable to their business.
Example Mrs. Kinga has monitors in her company and wants to withdraw one of them and use it privately. The regulations do not prohibit this and upon withdrawal, Mrs. Kinga will not be obliged to pay income tax. Only if it sells the monitor before the expiry of years will it be obliged to tax the income from this sale.Create a free accountand test the company without obligations Modern Reliable Bookkeeping.
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