Natural and legal entities were required to submit audited financial statements
The Tax Affairs Organization announced that natural and legal entities are required to submit audited financial statements.
The full text of the announcement is as follows:
@taxpersianchannel
Tex Persian channel
https://telegram.me/joinchat/BNH5GD5oy3JrYYvotmOYyQ
Tex Persian question and answer group link
In the implementation of Article 272 of the Amended Direct Taxes Law approved on 4/31/1394 by the Islamic Council, all the following production, trading and service units are required to submit financial statements audited by the auditing organization or auditing institutions that are members of the Iranian Certified Public Accountants Society along with a tax declaration or a maximum within a period of three months after the deadline for submission of the declaration, and in case of failure to fulfill the duty stipulated in the above article, they will be subject to a fine equal to twenty percent (20%) of the tax due.
A- The companies subject to clauses (a) and (d) of the single article of the “Law on the use of specialized and professional services of competent accountants as official accountants”
1- Companies admitted or applying for admission to the stock exchange.
2- Companies and institutions subject to clauses a and b of article 7 of the legal statute of the auditing organization.
According to the date of implementation of the amendment to the Direct Taxes Law, the provisions of Article 272 of the Direct Taxes Law are valid for those subject to this clause whose financial year begins on 01/01/2014.
B- Natural or legal persons based on the type of activity
1- Branches and representative offices of foreign companies that have been registered in Iran in the implementation of the law on permission to register branches or representative offices of foreign companies approved in 1376.
2- Public joint-stock companies and their subsidiaries and affiliated companies
3- Public non-governmental institutions and institutions and their affiliated and affiliated companies, organizations and institutions
C- Natural or legal persons based on the volume of activity
Other legal and natural persons (including private joint-stock companies and other companies as well as non-commercial for-profit institutions, cooperative companies and institutions and their unions and natural persons who are required to maintain legal offices according to the relevant legal provisions) who, based on their last declaration of submission, Their total gross income (sales or services, both operational and non-operational) is more than 50 billion Rials (in the case of contracting companies, their receipts for concluded contracts are more than 50 billion Rials) or their total assets (the sum of the debit column of the balance sheet) is more than It is from 80 billion Rials.
The provisions of this notice are mandatory for the persons subject to clauses (b) and (c) whose financial year starts from 1/1/2016 onwards.
The above points are announced in line with the provisions of Article 272 of the Direct Taxes Law approved on 4/31/1394, and the tasks of the mentioned persons in implementing the relevant laws and regulations, as well as the announcements of the Ministry of Economic Affairs and Finance, will remain in force.
Let’s think better to make the best decision
https://telegram.me/taxpersianchannel
Tex Persian tax accounting channel link
https://telegram.me/joinchat/BNH5GD5oy3JrYYvotmOYyQ
Financial, tax and insurance group link
This post is written by adibarahassan