Acquisition of purchasing credit from suppliers as profit cosmetics?
November 22, 2019 | 30,00 EUR | answered by Steuerberater Knut Christiansen
I am a sole proprietor (income taxed according to income statement, VAT registered).
A supplier of trading goods offers me the opportunity to purchase credit with him.
How is the acquisition of such credit treated in terms of accounting and tax law? (Profit cosmetics...?).
Thank you very much!
Good morning!
The vouchers would not have any impact on profits, as they would basically just exchange payment methods. They would essentially represent a claim against the supplier. Since no goods are being purchased, no expense account would be affected in the context of the EÜR. Therefore, the advantage would be at most that you receive better purchasing conditions through the credit.
I hope this answers your question, otherwise feel free to ask for further clarification.
I would like to point out that this forum cannot replace a detailed and personal tax consultation, but is mainly intended to provide an initial tax assessment. By adding or omitting relevant information, the legal assessment of your issue could be different.
Best regards,
Knut Christiansen
Tax advisor
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