How to reflect the loss from previous years in the Declaration on profit

Upon receipt of the loss by the firm, there is often a transfer of negative financial results for the next reporting periods. This can be done for three quarters of the calendar year from the date of loss.

While obtaining negative financial results in prior periods involve them in additional costs. On sheet 02 of the Declaration on profits in line 040, where an accountant calculated non-operating expenses include losses of past years.

Keep in mind that the damages you are entitled to include in the additional costs gradually, that is, with the occurrence of negative financial results. The transfer of losses carried out in the order they occurred. Accordingly, if the first, second quarter losses have been incurred, attributed their non-operating costs. First, include the costs of losses for the first quarter in reporting on the third, and then a negative financial result for the second quarter move to the Declaration on profit for the fourth.

When submitting statements of profit apart from tax, which is calculated by multiplying the base by 24%, calculated and paid the advance. If you incurred losses in past periods of the payments you are exempt. Profit in the preceding quarter and reporting losses, the advances to pay in the order as established in tax legislation.

For past periods include a loss of accountability. To do this, enter the sum of negative financial result in line 090 of Annex 2 of sheet 02 of the Declaration for the profit.

Costs that you find in the reporting year, included in the net loss is impossible. Errors of past periods are corrected by filing a revised Declaration. And fill, submit corrected statements of need within three years. Otherwise, return the overpaid amount of tax, you can not.