Our partner of the joint stock company pays the tax debts of the company from the account of the limited company that he is also a partner of. What should we do to close the accounts of the joint stock company? As the joint stock company, do we have to prepare an invoice to the other company?
It is not required to prepare an invoice for the loans between companies. About the payments; you should use 232 account for debts and 102 account for receivables. For the payments such as the interest, late interest, and exchange differences, the rules of transfer pricing and distribution of hidden profits must be followed.
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