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Tax requirements for purchasing goods from unregistered persons and drafting a purchase act
Tax requirements for purchasing goods from unregistered persons and drafting a purchase act
According to Article 71-2.1 of the Tax Code, taking into account the provisions of Article 130.1-1 of the Tax Code, when goods are purchased from individuals not registered with the tax authority, purchase records must be drawn up, and an electronic purchase act must be issued within 5 days from the date of purchase.
According to Article 58.8 of the Tax Code, during field tax inspections and operational tax control, if income and expenses are not accounted for in the manner prescribed by the Tax Code, or if there are no electronic purchase acts as specified in Article 71-2 of the Tax Code for goods owned by the taxpayer, financial sanctions shall be imposed on the taxpayer.
At the same time, the calculation of depreciation on fixed assets recorded in the taxpayer’s balance sheet and the deductible amounts from income related to depreciated assets are regulated by Article 114 of the Tax Code.
Based on the above, in the case mentioned in the inquiry, if the ownership rights to a vehicle registered in the official state register are formalized in the name of a legal entity, no financial sanction shall be imposed for not issuing a purchase act, and depreciation is calculated in accordance with the general procedure established by the Tax Code.
Additionally, we inform you that since the inquiry does not specify the type of vehicle, the value of the registration, whether ownership has been transferred, and other relevant details of the transaction carried out by your party, it is recommended to contact the tax authority where the taxpayer is registered, with factual information and supporting documents.
According to Article 71-2.1 of the Tax Code, taking into account the provisions of Article 130.1-1 of the Tax Code, when goods are purchased from individuals not registered with the tax authority, purchase records must be drawn up, and an electronic purchase act must be issued within 5 days from the date of purchase.
According to Article 58.8 of the Tax Code, during field tax inspections and operational tax control, if income and expenses are not accounted for in the manner prescribed by the Tax Code, or if there are no electronic purchase acts as specified in Article 71-2 of the Tax Code for goods owned by the taxpayer, financial sanctions shall be imposed on the taxpayer.
At the same time, the calculation of depreciation on fixed assets recorded in the taxpayer’s balance sheet and the deductible amounts from income related to depreciated assets are regulated by Article 114 of the Tax Code.
Based on the above, in the case mentioned in the inquiry, if the ownership rights to a vehicle registered in the official state register are formalized in the name of a legal entity, no financial sanction shall be imposed for not issuing a purchase act, and depreciation is calculated in accordance with the general procedure established by the Tax Code.
Additionally, we inform you that since the inquiry does not specify the type of vehicle, the value of the registration, whether ownership has been transferred, and other relevant details of the transaction carried out by your party, it is recommended to contact the tax authority where the taxpayer is registered, with factual information and supporting documents.