Bad Debt Relief: an Opportunity or a Threat
Bad Debt Relief: an Opportunity or a Threat
Author(s): Renata WierzbickaSubject(s): National Economy, Supranational / Global Economy, Micro-Economics, Fiscal Politics / Budgeting, Accounting - Business Administration, EU-Legislation
Published by: Społeczna Akademia Nauk
Keywords: VAT tax; bad debt relief; irrecoverable unreasonability; correction of the debtor; tax due; no payment; administrative simplification for the creditor; settlement of bad debts; the right to correct;
Summary/Abstract: The article discusses legal aspects and conditions of the application procedure to exempt from bad debts, as well as dilemmas of entrepreneurs who are able to use it. The article also deals with the problems related to settlement of overdue liabilities in the tax system in Poland, including EU regulations. The author analyzes both theoretical and practical aspects of the applicable provisions, taking into account the impact of existing regulations on bookkeeping and the principles of documenting cost adjustments.
Journal: Przedsiębiorczość i Zarządzanie
- Issue Year: 18/2017
- Issue No: 12.3
- Page Range: 203-214
- Page Count: 12
- Language: English