Administrator responsibilities

If the entrepreneur does not have it, he should install it for this type of sales. Sale of a telephone constituting equipment or a fixed asset The sale of a telephone as equipment and entered in the register of fixed assets should be settled as income from business activity and included in the KPiR in the "Other revenues" column. Active VAT taxpayers report net revenue, i.e. the amount from the sale of the phone less the deducted VAT on its purchase.

Taxpayers exempt from VAT report income in the KPiR in the amount of the sale of the phone. If the telephone philippines photo editor was included in the equipment register, it should be deleted from it. Revenue is the amount from the sale of the phone less the undepreciated part of the phone - if the phone was classified as a fixed asset. The sale of a telephone entered in the register of fixed assets also requires liquidation of the fixed asset. The date of liquidation is the date of sale, and the reason for liquidation may be "sale", "disposal", etc.



Importantly, if it is a sale to an individual, a cash register will still be mandatory and such sales will have to be entered into the cash register. In the case of the sale of fixed assets, there is an exception that such sales are not subject to registration at the cash register; however, this exception does not apply to goods such as telephones, the sale of which requires mandatory recording at the cash register. Sale of a telephone transferred from company assets for private purposes The sale of a telephone that was transferred from company assets for private purposes is subject to personal income tax if less than years have passed between the withdrawal of the telephone from the company and its sale.