Terms of the Transfer Loss

 Few people know that the terms of the transfer of the loss can be written off the loss only at the end of the tax period, in other words, when calculating the annual amount of one tax (p. 7 p. 346.18, p. 1 art. 346.19 NK of the Russian Federation). When calculating advance payments, the tax base for the number of losses of the past years is not miniaturized. Similar explanations are contained in the letter of the RF FNS dated July 14, 2010, No. SS-37-3/6701 (brought to tax inspections for use in work). The rules of transfer of loss Amount of loss can be transferred to the future, but less than 10 years ahead (for example, if the loss was received in 2014, the deadline year of its write-off is 2024).

In all this, the amount of loss and its amount, reducing Accountants Walsallthe tax base in each tax period, must be documented (for example, primary documentation (acts, invoices, etc.), copies of tax returns, a book of accounting of income, and expenses). Keep documents confirming the amount of damage incurred and the amount accepted in the reduction by, as most of us are used to saying, each year, is necessary for the duration of the right to transfer it. It should be noted that the loss, as most of us constantly say, past finally, the years can be written off in the current tax period in full.

The balance of the unwritten loss can be transferred (completely or in part) to, as people used to put it, at least some year of the next 9 years. I would like to emphasize that if the taxpayer has received losses in more than one tax period, the transfer of such losses for future, as many think tax periods are done in the order in which they are received.