I. Documents of property and goods lost due to natural disasters, epidemics, and fires are included in deductible expenses as follows:
– Inventory record of value of lost assets and goods prepared by the enterprise.
The inventory record of the value of lost assets and goods must clearly identify the value of lost assets and goods, causes of loss, and responsibilities of organizations and individuals for the losses; type, quantity, value of recoverable assets and goods (if any); List of import and export of damaged goods with confirmation signed by a legal representative of the business and responsible before the law.
– Damage compensation documents accepted for compensation by the insurance agency (if any).
– Documents specifying the responsibilities of organizations and individuals that must compensate (if any).
II. Goods that are damaged due to changes in natural biochemical processes, goods that have expired and are not compensated are calculated as deductible expenses when determining taxable income. Documents for goods damaged due to changes in natural biochemical processes and expired goods are included in deductible expenses as follows:
– Inventory record of value of damaged goods prepared by the enterprise.
The inventory record of the value of damaged goods must clearly identify the value of damaged goods and the cause of damage; type, quantity, value of recoverable goods (if any) accompanied by a list of import and export of damaged goods with confirmation signed by a legal representative of the business and responsible before the law.
– Damage compensation documents accepted for compensation by the insurance agency (if any).
– Documents specifying the responsibilities of organizations and individuals that must compensate (if any).
* The above documents are kept at the enterprise and presented to the tax authority upon request.