S.C. X S.R.L. has as its object of activity “Recovery of sorted recyclable materials”, CAEN code 3832.
Period audited: 13.11.200 – 31.01.2024.
The main observations of the tax inspection authorities were:
- Establishment as non-deductible expenses of fines and compensation;
- Disallowance of the expenses recorded in account 658, representing cash in the cashier’s office of the establishment, found to be missing during thece general inventory of assets.
- Non-deductibility of fuel expenses for which the company did not submit supporting documents;
- Disallowance of expenditure wrongly recorded in account 635, representing tax on income from other sources, in respect of the amounts missing in the cashier;
- Failure to allow expenditure on assets disposed of as a deduction;
- Failure to fully declare the value added tax to the tax authority;
- Increasing the value added tax by VAT on the sale of building land, a taxable transaction for VAT purposes;
- Adjustment of the value added tax on the value added tax on the modernization of a building;
- During the period audited, the company was engaged in the collection and recycling of ferrous and non-ferrous waste, for which it was obliged to withhold and declare tax on income from other sources at the rate of 10%;
- Non-declaration to the tax authority of the tax on income from other sources related to the shortages in the cashier’s office (amounts collected by the administrator and used for personal purposes);
- During the audited period, the company had more than 50 employees and had the obligation to withhold, declare and transfer the obligation to pay the payments representing payments for disabled persons.
In conclusion, as a result of the tax inspection the total amount of X lei was additionally established, representing:
- Income tax: x lei;
- VAT: x lei;
- Tax on income from other sources: x lei;
Payments for disabled persons: x lei.
Source: ANAF