Post by account_disabled on Dec 4, 2023 23:36:36 GMT -5
This thesis is confirmed by the individual interpretation of the Director of the National Tax Information of July , , No. KDIP . . . . .MG., which indicates that the withdrawal of real estate from the assets of your business activity to private assets , will mean that this property will no longer constitute an asset of this business. Therefore, the planned act of withdrawing the real estate indicated in the application from the assets of your business to private assets will not, in fact, have the characteristics of a sale, and will not have the element of payment referred to in Art. section point of the Personal Income Tax Act.
Therefore, this activity will not result in your tax liability under the Personal Income Tax Act. Moreover, the subsequent transfer of the property will not be subject to personal income tax. Act on goods and services Tax effects within the meaning of and services photo editing servies hereinafter referred to as the VAT Act are different than under the Personal Income Tax Act.
IMPORTANT VAT tax consequences depend on the use of the property after its withdrawal from the company's assets. Pursuant to the provisions of Art. section of the VAT Act By the supply of goods referred to in Art. section point , also means the transfer of goods belonging to his enterprise free of charge by the taxpayer, in particular: transfer or consumption of goods for personal purposes of the taxpayer or his employees.
Therefore, this activity will not result in your tax liability under the Personal Income Tax Act. Moreover, the subsequent transfer of the property will not be subject to personal income tax. Act on goods and services Tax effects within the meaning of and services photo editing servies hereinafter referred to as the VAT Act are different than under the Personal Income Tax Act.
IMPORTANT VAT tax consequences depend on the use of the property after its withdrawal from the company's assets. Pursuant to the provisions of Art. section of the VAT Act By the supply of goods referred to in Art. section point , also means the transfer of goods belonging to his enterprise free of charge by the taxpayer, in particular: transfer or consumption of goods for personal purposes of the taxpayer or his employees.