In this article the reporting order on the profits tax for again created agricultural enterprise is stated.
The farm is registered in December, 2007
The farm is registered in December, 2007.
Since what period it can report on the profits tax as agricultural enterprise (that is, time in a year)?
To report and pay the profits tax following the results of fiscal year the enterprise at which vayolovy the income of sale of agricultural products of own production for the previous fiscal (tax) year exceeds 50 % of total amount of a gross income (item 14.1, 16.4 of the Law of Ukraine About profit) have the right.
All other payers of the profits tax predstavlyayut declarations on the company income tax (further – the Declaration) by results of the next tax periods: calendar quarter, the half-year, three quarters, 11 months and year (Law item 11.1, 22.13 About profit).
For the enterprise which gets registered in body of GNS as the payer of the profits tax in the middle of the tax period, the first reporting tax period begins with date of which the beginning of such account is the share, and comes to an end last calendar afternoon of the sleduyushchegonalogovy period.
Thus, in the stated situation the farm should present the first Declaration for the period, nayochiny from statement date (in December, 2007) till March 31, 2008. Term of submission of this Declaration – till May 12, 2008 (as on May 10 and 11 – the days off).
Further during 2008 such economy is obliged to represent (in the corresponding terms) Declarations in a half-year, three quarters, 11 months and for 2008.
First fiscal tax year for a farm registered in December, 2007, there will be a period from statement date in December, 2007 till December 31, 2008. For this period it also should define specific weight of a gross income from sale of agricultural products of own production in total amount of a gross income.
If specific weight exceeds 50 %, the economy will be considered as agricultural enterprise in understanding of the Law About profit. It will grant to it the right to report on nalogu on profit once a year, since July 1, 2009 (after all for this category of payers fiscal tax year begins with July 1 of fiscal year).
According to the order set forth above should otchityvatsya the enterprises which were registered after October 1 (i.e. in the IV quarter) 2007.
Note: if a farm zaregistrirovalos in body of GNS till October 1, 2007, for example, in September, 2007, the first Declaration it predstavlyalo from statement date on 31 dekabrya 2007. In relation to 2008 it would be necessary to consider this period previous fiscal tax year. And then such economy since July 1, 2008 would have the right to report once a year. But, of course, provided that in such period the income of sale of agricultural products of own proizvodyostvo exceeded 50 % of total amount of a gross income.
(On Balans-Agro newspaper materials).