Post by joita973 on Feb 12, 2024 3:26:38 GMT -5
The commissions and exchange rate differences on loans credits increasing investment costs during the period of implementation of these investments are not considered tax deductible costs. It follows from the above that the moment when the taxpayer incurs expenses related to the repayment of loan interest is important in order to correctly settle the costs. From the moment the premises are put into use the interest paid on the loan should be included directly in taxdeductible costs. However interest paid until the date of handing over the premises for use increases its initial.
Value and will be included in taxdeductible costs through depreciation writeoffs. In connection Cape Verde Email List with the above it should be stated that loan interest may be included in the taxdeductible costs of business activity provided that the following conditions are met the loan taken out is related to the source of income which is nonagricultural business activity interest has been paid the expense must be properly documented. Therefore if the loan taken out is related to the income obtained by the Applicant from her business activity the interest on this loan unless it increases the investment costs should be included in the tax deductible costs at the time of payment. At the same time it should be noted that the provisions of the abovementioned Personal.
Income Tax Act do not make the possibility of including expenses incurred to repay interest to finance the costs of running a business as taxdeductible costs dependent on the classification or name of the loans used by financial institutions as well as on the type of loans taken out. credit. The actual purpose of the loan not the content of the loan agreement concluded with the bank is decisive for determining whether it can be included in taxdeductible costs. What is important for assessing whether the incurred expenses meet the criterion of connection with the income obtained from business activity.
Value and will be included in taxdeductible costs through depreciation writeoffs. In connection Cape Verde Email List with the above it should be stated that loan interest may be included in the taxdeductible costs of business activity provided that the following conditions are met the loan taken out is related to the source of income which is nonagricultural business activity interest has been paid the expense must be properly documented. Therefore if the loan taken out is related to the income obtained by the Applicant from her business activity the interest on this loan unless it increases the investment costs should be included in the tax deductible costs at the time of payment. At the same time it should be noted that the provisions of the abovementioned Personal.
Income Tax Act do not make the possibility of including expenses incurred to repay interest to finance the costs of running a business as taxdeductible costs dependent on the classification or name of the loans used by financial institutions as well as on the type of loans taken out. credit. The actual purpose of the loan not the content of the loan agreement concluded with the bank is decisive for determining whether it can be included in taxdeductible costs. What is important for assessing whether the incurred expenses meet the criterion of connection with the income obtained from business activity.