If a company has suffered a loss in the current tax period as a result of its core or non-core activities, it has the right to take into account the amount of the loss when calculating income tax. Moreover, this cannot be done immediately.
It is necessary
income tax declaration form
Instructions
Step 1
The taxpayer has the right to reduce the tax base for income tax by the amount of the resulting loss. The loss could deduct the tax base of the current tax period or any tax period over the next 10 years. This is called “carry forward”. In the income tax return, the amount of such losses is reflected in Appendix 4 to sheet 02. Lines 010-130 indicate the remainder of the non-carried loss at the beginning of the tax period, separately before 01.01.2002 and after this date. After until 01.01.2002, the amounts are indicated with a breakdown by year.
Step 2
The amount of loss for the current tax period or that part of the loss that you want to "write off" now, and not carry over to the future, you write down in line 150 of Appendix 4 to sheet 02, and in lines 160-180 - the remainder of the non-carried loss at the end of the tax period, also with a breakdown before 01.01.2002 and after.
Step 3
Losses of the current tax period are detailed on the previous sheets of the declaration, namely in Appendices 2 and 3 to sheet 02. So, for example, the amount of loss from the sale of fixed assets is reflected in Appendix 3. Types of sold property are accounted for separately (depreciated separately, land plots separately) … It is necessary to distinguish between the total amount of loss from sales (it is reflected in Appendix 3 to sheet 02) and the amount that falls on the current reporting (tax) period (reflected in Appendix 2 to sheet 02). For example, a loss from the sale of an item of depreciable property is written off in equal parts over the remaining useful life, and to calculate the amount of the loss attributable to the current reporting period, you must divide the total loss by the number of months remaining until the end of the useful life and multiply by the number of months in reporting period.
Step 4
The loss based on the results of the main activity of the enterprise (according to the “income minus expenses” system), as well as the final loss affecting the tax base, are reflected in sheet 02 “Calculation of corporate income tax”. Which lines of which sheets need to be summarized for this is indicated in the declaration itself.
