The date of receipt of the subsidy

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In the case of beneficiaries who do not keep full accounting, meeting the requirement to keep separate accounting records can be achieved by preparing a list of documents confirming the incurred project expenses in the form of a spreadsheet. Separation of bank accounts - settlement of subsidies Very often, the co-financing agreement requires the beneficiary to open a separate bank account from which eligible expenses will be paid and a separate one for advance payments. This requirement should not be underestimated, and even if there is no requirement to separate such bank accounts, we still recommend doing so.
Separating such an account may also be a partial fulfillment of the condition for keeping project records - sometimes it is also necessary to separate settlements, and this is sometimes impossible in accounting systems. Determination of tax costs and revenues photo retouching related to the subsidy. The most general rule is: Eligible costs * % of funding = non-tax costs = non-tax revenues PLN , of eligible costs * % subsidy PLN of non-tax costs and PLN of non-tax revenues However, it should be remembered that its direct application is only possible when the eligible cost is taxable in the same period. If, for example, we settle certain costs over time or depreciate a fixed asset purchased as part of the project, we make adjustments to non-tax costs and revenues in parallel with RMK or depreciation write-offs.



Therefore, if we purchase a fixed asset depreciated on a straight-line basis, we adjust % of the cost for each depreciation write-off, while calculating the income in the same value. Despite the recognition of non-tax revenues from subsidy, tax revenues from this should also be recorded - this is done on. Most often, this is off-balance sheet accounting. This is taxable income, but exempt and shown in Annex CIT- /O, so it does not increase our tax base. Accounting for the subsidy due - recognition of the subsidy in the accounting books Taking into account the types of expenses (investment or strictly cost-related) and payments (advance payment, interim payment), you should decide how to record receivables so that their balance is consistent with the submitted payment applications.