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Post by account_disabled on Nov 25, 2023 19:42:00 GMT 10
This may be due to various circumstances. The occurrence of a loss may be predictable, but very often it is beyond our control. In business, it is not easy to predict in which direction our company will go, whether it will be growth, stagnation or perhaps slowdown. Much depends on external factors affecting our businesses, which we often have no influence on. A loss may arise if the entrepreneur has chosen a tax scale or flat tax as the form of taxation. Once tax regulations are established, they allow it to be deducted in subsequent settlement periods. What is tax loss settlement. If an entrepreneur incurs a loss in previous tax years, he or she has time to settle the loss within tax years after the year in which he or she incurred the loss. Let's see with an example how this should be understood. Example Mr. Paweł has been running a business since . Due to the investment photo editing servies purchases he made in , he incurred a loss in business in the amount of , , the costs of revenues. In such a case, the loss may be settled within the next years as long as the business activity continues and the entrepreneur generates income. This means that Mr. Paweł has until the end of to settle the loss. Starting with the settlement of losses incurred from January , , the legislator allowed for a onetime settlement of the loss incurred up to the amount of million. Example Mrs. Emilia runs a business subject to flat tax. was a difficult year for her, the revenues turned out to be too low in relation to the amount of taxdeductible costs, which generated a loss of.
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