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Running a business
Posted: Sat 18 Feb 2017 8:00 am
by kiplet
I'm just curious on what information business owners need to disclose on tax returns in TRNC. ?
Any fines for not doing so ?
Re: Running a business
Posted: Sat 18 Feb 2017 11:58 am
by Cally
Being a retired book keeper, I would of thought what ever information is asked for on the form, how can you be fined for nondisclosure if not asked for. However I realise TRNC being TRNC logic may not be applied.
Re: Running a business
Posted: Sat 18 Feb 2017 1:43 pm
by gates
every month the accountant then what the government assess you have ernt if you dont pay on the end of each month you accumulate 10% on the total
then his bill is 300tl a month
when you earn nothing you still pay still wont to start a business
I have never got back my initial investment
Dont think i ever will
If you leave this country with more than you came in with it will be a first
But who wants to be back there especially now Tony Blair has started putting his or in another disaster looms
Re: Running a business
Posted: Sun 19 Feb 2017 8:36 am
by kiplet
Have I got this right.
You do not have to complete a form of a break down of income/ expenditure..
You just complete a form declaring income ?
Is that correct ?
Re: Running a business
Posted: Sun 19 Feb 2017 11:30 am
by gates
no they tell you how much you have ernt
the first week i started they said i am earning a 1k a week thats how it works
Re: Running a business
Posted: Sun 19 Feb 2017 11:38 am
by kiplet
Ah... ok thanks
Re: Running a business
Posted: Sun 19 Feb 2017 2:00 pm
by snd1966
gates wrote:no, they tell you how much you have earnt
the first week i started they said i am earning a 1k a week thats how it works
you forgot to add the more staff you employ the bigger the money you are earning and how much they cost you a month especially if you are not busy and have no work. This does not seem to be understood here.
I can fully understand why businesses fail here