Taxation Office warns small businesses: Correct the statements for sales and purchases of 2016, until February 10th
General Directory of Taxation has found irregularities in the plea of small businesses, with or without VAT. Therefore, through a public notice taxes make an appeal to businesses to declare and correct the inaccuracies regarding the total purchases and sales for 2016, before the assessment by the tax authorities. The auto-correction date for businesses is February 10, 2017.
“From the current data in the electronic system, based on your plea, it turns out that there are irregularities in the maintenance and disclosure of total purchases and sales for 2016. Within 10 February 2017, the Tax Administration, invites you to declare and correct these inaccurate total of purchases and sales for 2016, before our assessment, ” states in the notice of the General Directory of Taxation addressed to businesses.