I am about to close my company. My question is how much tax I should pay back? I imported goods four years ago and the value is 20000. I reported tax at 5000(fratrukket moms.) at that time.
But after four years, the goods are half destroyed because of bad storage condition, which means the value of the goods is 10000kr now.
How much tax I need pay to the skat, 5000kr or 2500kr? |
to import goods does not raise any tax as such. The goods are not an income or an expence. It is now an expense if you have to destroy goods - but you would be strongly recommended to document the destruction, so tax cannot think it as sold or used by yourself
Tax comes from income - selling minus buying - so you question is not one that can be answered so easily (the first 5.000) but if you know only have goods at a value of 10.000 and document the rest are destroyed - then you know have to declare the value of 10.000 you keep yourselv - by selling to your self -. with VAT according to the rule -. Full VAT purchase year and then 20% down each you untill 0% year 6
If it is now purchase year + 4 = 5 years ago - then in purchase year + 4 the VAT you should invoice yourself with 40% of the original VAT = 10% VAT but find out if it is year 4 or 5 + purchase year we are talking about
After selling to your self (including computer or whatever you may have bought) you have the income and the VAT for you tax declaration - and tax will be about 42% if it comes on top of other income
Maybe just take a bit of help
br John Hannover