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Classification of non-operating income and tax burden
Classification of non-operating income and tax burden
We inform you that non-operating income refers to income derived from participation in the activities of other enterprises as a shareholder, income from shares, bonds, and other securities owned by the enterprise, as well as other income derived from operations that are not directly related to the production and sale of goods and services (work), including amounts received in the form of fines and compensation for damage, exchange rate differences from foreign currency transactions, and creditor deposit debt amounts that are overdue according to the statute of limitations prescribed by law.
Non-operating income of income and profit taxpayers (excluding taxes withheld at the source of payment) is subject to income and profit tax.
According to Article 219.1 of the Tax Code, the total revenue from goods (works, services) and property provided, as well as non-operating income (excluding income on which tax has been withheld at the source of payment), obtained by simplified tax payers during the reporting period (excluding taxpayers specified in Article 218.4 of this Code), constitutes a taxable object.
At the same time, we inform you that non-operating income does not create a taxable object for VAT purposes.
We inform you that non-operating income refers to income derived from participation in the activities of other enterprises as a shareholder, income from shares, bonds, and other securities owned by the enterprise, as well as other income derived from operations that are not directly related to the production and sale of goods and services (work), including amounts received in the form of fines and compensation for damage, exchange rate differences from foreign currency transactions, and creditor deposit debt amounts that are overdue according to the statute of limitations prescribed by law.
Non-operating income of income and profit taxpayers (excluding taxes withheld at the source of payment) is subject to income and profit tax.
According to Article 219.1 of the Tax Code, the total revenue from goods (works, services) and property provided, as well as non-operating income (excluding income on which tax has been withheld at the source of payment), obtained by simplified tax payers during the reporting period (excluding taxpayers specified in Article 218.4 of this Code), constitutes a taxable object.
At the same time, we inform you that non-operating income does not create a taxable object for VAT purposes.