Post by account_disabled on Nov 25, 2023 9:28:40 GMT
Who runs a bookstore and is a VAT payer, donated one of the books he purchased to the bookstore for to the WOŚP auction in . The book was bought for , , this amount went to the Great Orchestra of Christmas Charity. How should he settle it? In , the entrepreneur should reduce company costs by and calculate VAT on this amount according to the rate applicable to this type of goods. In the annual settlement for i.e. submitted to the office in , he can deduct a donation made to the OPP in the amount of . In order to be able to deduct relief for a donation in kind.
you must have proof of the donor's identification data and the value of the donation, along with the recipient's declaration of acceptance. How much can you deduct? The amount or value of the donation is deductible, but not more than of income or revenue lump sum. The limit is common to deductions for donations for photo editing servies religious purposes, voluntary blood donation, and vocational education. The value of the donation cannot. Entrepreneurs can deduct donations already at the stage of calculating tax advances monthly/quarterly from their activities.
Attention! Deduction of a donation for OPP purposes is only possible for persons filing PIT , PIT and PIT . Flat taxation PIT L does not provide this option. How much will I save on tax with a donation? The amount of tax savings will be the difference between the tax calculated without the donation relief and the tax calculated with it included. In practice, the tax saving is the tax rate multiplied by the amount of the deducted relief when the income without the relief and with.
you must have proof of the donor's identification data and the value of the donation, along with the recipient's declaration of acceptance. How much can you deduct? The amount or value of the donation is deductible, but not more than of income or revenue lump sum. The limit is common to deductions for donations for photo editing servies religious purposes, voluntary blood donation, and vocational education. The value of the donation cannot. Entrepreneurs can deduct donations already at the stage of calculating tax advances monthly/quarterly from their activities.
Attention! Deduction of a donation for OPP purposes is only possible for persons filing PIT , PIT and PIT . Flat taxation PIT L does not provide this option. How much will I save on tax with a donation? The amount of tax savings will be the difference between the tax calculated without the donation relief and the tax calculated with it included. In practice, the tax saving is the tax rate multiplied by the amount of the deducted relief when the income without the relief and with.