Obrat ve formuláři daňového přiznání k DPPO a finančních výkazech

Turnover in the DPPO tax return form and financial statements

As you may be aware, in addition to the figures that impact the resulting tax liability, the corporate tax return form also requires certain additional information relating to the taxpayer's business and accounting, such as annual turnover.

Typically, the turnover reported on the tax return form corresponds to the turnover reported in the taxpayer's financial statements.

However, in cases where the tax period of the taxpayer does not last 12 months, the reported turnover on the form may differ from the turnover reported in the financial statements.

While the total turnover in the financial statements is a sum of the relevant revenue items, for the purposes of the form, the turnover needs to be recalculated by dividing the revenue amount (less any sales discounts) by the number of months in the respective tax period and then multiplied by 12.

For example, if the taxpayer has a shortened period of 10 months and the turnover in the financial statements is CZK 100 million, the turnover in the tax return will CZK 120 million.

If you have any questions, please contact the authors of this article or the EY tax team you regularly work with.

Authors:

Barbora Ptošková

Ladislava Zamazalová