Attention to legal entities and individual entrepreneurs engaged in the acceptance of cash when selling goods, works, services

The Ministry of Taxes and Duties Inspectorate for Novopolotsk reminds that, as a general rule, cash revenue received must be credited to accounts opened by business entities in banks.

If it is necessary to spend funds for the current needs of a business entity, their issuance on account is formalized in accordance with the legislation for a period not exceeding 10 working days. All business transactions for the purchase of goods, works, and services for cash must be confirmed by primary accounting documents. The balance of unspent funds is returned by employees to the cash desk.

Cash funds not submitted to the bank to the organization's settlement account and remaining at the disposal of the organization's officials without documented proof of expenses are recognized as income of an individual and are subject to personal income tax in accordance with paragraph 1 of Article 196 of the Tax Code, taking into account paragraph 1 of Article 197 and paragraph 1 of Article 199 of the Tax Code.

The Ministry of Taxes and Duties Inspectorate for Novopolotsk