What is the status of a large CIT taxpayer and what does it entail?
📊 The key moment is the closing of the accounting books. If you have exceeded or fallen below certain employment or turnover thresholds on that date, this does not mean an immediate change in status. A change occurs only when such a situation occurs during two consecutive accounting periods (calendar year or another period also used for tax purposes) 🧐
What determines the change of status? First of all, two key parameters: 💼 Number of employees (full-time equivalents): 250 or more; 💸 Annual turnover of more than EUR 50 million or balance sheet total of more than EUR 43 million. For large enterprises, the most important thing is the information obligation. You must always submit a declaration of your status when concluding commercial transactions. This is not just a formality, but a real legal requirement! 📝
Failure to submit a statement or providing false information may result in a fine. The status of a large CIT taxpayer is of key importance in settlements between companies, especially in the context of payment deadlines and penalties for delays! 💸
The regulations on counteracting excessive delays in commercial transactions impose different obligations depending on whether you have the status of a large entrepreneur or belong to the SME sector.
Do you have doubts? It is better to consult an accountant than to risk mistakes.
Every transaction is a responsibility that should be taken seriously! 🧾