We draw up invoices for public authorities. These authorities cut 0,0825 on the invoices for stamp duty and deduct that amount when making us payment. Even though we always ask for an invoive on this cut, it causes a problem. Is it possible to recognise this cut as an expense? What should we do?
It is beneficial to prepare and save a document explaining the stamp duty cut. It will be a proof if a conflict situation occurs in the future. You can write cut as an expense.
Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.