Corporate tax is a tax levied on the earnings of a company. The declaration of this tax is done by filing the Corporate Tax Declaration every year. This declaration contains detailed information about the company’s transactions during the previous year and is submitted to the tax office.
The Corporate Tax Return consists of General and Special Sections. The General Section contains basic information such as the company’s identity, field of activity, business address, tax registration number and declaration period. The Special Section calculates the corporate tax base by listing the company’s income and expense items in detail.
In order to complete the declaration, firstly, the declaration form must be obtained from the website of the relevant tax office or from the tax offices. Then, the General Section of the declaration is filled in. In this section, the company’s identification information, declaration period, type of tax return and other basic information are written.
Then the Special Section is started, where a detailed list of the company’s earnings and expenses is prepared. In this section, all details of the company’s activities during the declaration period are included. Income and expense items are written separately and the corporate tax base is calculated.
Finally, the declaration must be signed and submitted to the tax authorities. The deadline for submission of the declaration is March-April of each year, and an extension can be requested.
Filling out the Corporate Tax Declaration is a very detailed and attention-demanding process. Therefore, it should be carefully prepared by company managers or accountants. In addition, it may be useful to get support from tax consultants or accounting firms in order to have information about the declaration procedures.