What to do if you return unnecessary equipment that was previously included in tax-deductible costs, and the seller issues a correction invoice in another month? What to do if such a situation occurs at the turn of the year and you change the form of taxation? How to do the correction of costs after changing the form of taxation?
Although the situation was not entirely clear for many years, currently the regulations clearly regulate the situation in which the purchase and receipt of the cost invoice are separated in time.
Art. 22 sec. 7c and 7d of the Personal Income Tax Act
7c. If the correction of the cost of obtaining income, including depreciation, is not caused by an accounting error or other obvious error, the correction is made by reducing or increasing the costs of obtaining income incurred in the settlement period in which the correcting invoice was received or, in the absence of an invoice, another document confirming the reasons for the correction.
7d. If during the settlement period referred to in section 7c, the taxpayer has not incurred any costs of obtaining revenue or the amount of the costs of obtaining revenue is lower than the amount of the reduction, the taxpayer is obliged to increase the revenues by the amount by which the costs of obtaining revenue have not been reduced.
However, how should one approach a situation in which such an adjustment is made in the next tax year and in the meantime the form of taxation has changed to a lump sum?
The correction of costs after changing the form of taxation has been regulated in art. 22 sec. 7f of the Personal Income Tax Act.
7f. If the correction referred to in section 7c, occurs after the liquidation of non-agricultural economic activity, liquidation of special departments of agricultural production or change of the form of taxation to a lump-sum form of taxation (…), or changing the rules for determining income in relation to special sectors of agricultural production, reducing or increasing the costs of obtaining income are made in the last settlement period before the liquidation of non-agricultural economic activity or special branches of agricultural production, changing the form of taxation or changing rules for determining income in relation to special sectors of agricultural production.
Therefore, unfortunately, when making the correction, the taxpayer must go back to the period in which he/she purchased the equipment.
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