How to declare the #inactivity of the company
What does the company’s inactivity mean?
Inactivity means that the bank account of the established company does not have any circulation, even for personal use.
Registration of changes of legal entities with 5 years of inactivity is subject to obtaining tax exemptions.
• What is an account balance?
Mufasa basically means to liquidate and in fact it can be said that it means a document that is given to a taxpayer after handling his personal account or tax that his account is liquidated.
• To declare the company’s inactivity and tax exemption, pay attention to the following points:
After the registration of the company, your information will be reported to the finance department through the company registration department, you can avoid being subject to a tax penalty by following some general principles that are briefly stated.
1- According to Article 184 of the Law on Direct Taxes, registration offices are required to provide, at the end of each month, the complete list of companies and institutions that are registered during the month, and the resulting changes regarding existing companies and institutions, as well as the names of natural or legal persons registered by the legal office. They are sent to the tax affairs department of the place of residence of the institution by mentioning the number of registered offices and their numbers. It should be noted that from the time of registration until the time when the company was inactive, the relevant tax unit should be notified through a written letter on the letterhead of the company with a seal and signature.
2- In case of purchase of any property, furniture and equipment in the given year, it is considered part of the company’s purchase and can be traced.
3- In order to inactivity of the company, the decision of the financial offices and declaration of inactivity is necessary. Therefore, every year, prepare the financial books of the company within the deadline.
4- The sealing of legal offices is one of the duties of natural and legal persons without activity. It means that the legal books must be sealed for every financial year, even if there is no activity.
5- The business owners of natural persons are not exempted from this rule and they must also submit their inactivity to the relevant tax unit.
6- Take care of the company’s bank account, the activity of the bank account is the activity of the company. Of course, very limited fees in one or two cases that banks usually do automatically and without notifying the customer, the other inevitable aspect is the latter, which of course should be limited.
Explanation: Declaring inactivity has an effect on the past and is acceptable, and it cannot be done for the future
This post is written by sfhjhygfrhesabhaseb