Post by account_disabled on Nov 25, 2023 9:28:36 GMT
The amount for the auctioned item e.g. on Allegro is automatically transferred to the Orchestra's bank account. If it is a donation from private property i.e. not within the company, such a donation can be settled in the annual PIT settlement on the same principles as a cash donation. And from the entrepreneur's point of view, putting company goods up for auction for the Great Orchestra of Christmas Charity should be treated as a free transfer of goods and a donation to the OPP.
This means that the purchase of goods intended for auction is not a cost of obtaining business income. Moreover, for active VAT payers the transfer of goods for auction will in principle be subject to VAT it is treated in the same way as a sale. The VAT exemption for gifts of low photo editing servies value will not apply here , because of goods is for purposes related to the entrepreneur's business activity. And the transfer of goods for the purposes of WOŚP does not bear the characteristics of transfer for purposes related to business activity. Purposes related to business activity include, for example, brand promotion, dissemination of information about the company, advertising, etc.
A donation for charitable purposes is more of a charitable nature, so the tax office may question that it is the implementation of businessrelated goals. However, an entrepreneur may settle a donation in kind in the annual PIT as a donation for public benefit purposes. You can read more about the tax settlement of a donation in kind from a company to OPP including the Great Orchestra of Christmas Charity in Donation to a public benefit organization and VAT Donation in business activity – how to settle it? Example . Mr. Mateusz.
This means that the purchase of goods intended for auction is not a cost of obtaining business income. Moreover, for active VAT payers the transfer of goods for auction will in principle be subject to VAT it is treated in the same way as a sale. The VAT exemption for gifts of low photo editing servies value will not apply here , because of goods is for purposes related to the entrepreneur's business activity. And the transfer of goods for the purposes of WOŚP does not bear the characteristics of transfer for purposes related to business activity. Purposes related to business activity include, for example, brand promotion, dissemination of information about the company, advertising, etc.
A donation for charitable purposes is more of a charitable nature, so the tax office may question that it is the implementation of businessrelated goals. However, an entrepreneur may settle a donation in kind in the annual PIT as a donation for public benefit purposes. You can read more about the tax settlement of a donation in kind from a company to OPP including the Great Orchestra of Christmas Charity in Donation to a public benefit organization and VAT Donation in business activity – how to settle it? Example . Mr. Mateusz.