Post by joita9789 on Feb 13, 2024 2:02:48 GMT -5
The margin and the actual margin. The Tax Office has the right to request additional data on the inventory e.g. in addition to net purchase prices also net sales prices. Dividing the net total of sales by the net total of purchases will give us the margin resulting from the inventory two digits after the decimal point are the margin. Dividing the sum of net sales of goods from KPIR col. by the sum of purchases of commercial goods from KPIR col. after taking into account the inventory difference will give us the actual margin and here too two digits after the decimal point are the margin.
If it turns out that the margin from inventory is higher than that resulting from Dubai Email List the entries in the KPIR tax office employees may believe that we have underestimated revenues. This is where keeping a record of losses is helpful. Damaged spoiled and expired goods recorded as purchases of commercial goods and unsold will allow us to explain the difference between the actual margin and the margin calculated from the inventory. We do not take the list to the Tax Office we attach it to other accounting documents and keep it for years.
The inventory should be valued within days from the date of its preparation if the yearend inventory was prepared as at December the valuation should be made no later than January . The inventory control does not have to be announced in writing which means that in In January tax office employees can come to any trading and after showing their ID demand to see the inventory. You need to prepare a physical inventory before opening your store in the new year. According to the regulations we cannot start selling in the new year if we have not recorded the status of the goods.
If it turns out that the margin from inventory is higher than that resulting from Dubai Email List the entries in the KPIR tax office employees may believe that we have underestimated revenues. This is where keeping a record of losses is helpful. Damaged spoiled and expired goods recorded as purchases of commercial goods and unsold will allow us to explain the difference between the actual margin and the margin calculated from the inventory. We do not take the list to the Tax Office we attach it to other accounting documents and keep it for years.
The inventory should be valued within days from the date of its preparation if the yearend inventory was prepared as at December the valuation should be made no later than January . The inventory control does not have to be announced in writing which means that in In January tax office employees can come to any trading and after showing their ID demand to see the inventory. You need to prepare a physical inventory before opening your store in the new year. According to the regulations we cannot start selling in the new year if we have not recorded the status of the goods.