Post by account_disabled on Mar 12, 2024 1:19:27 GMT -5
Risk are required, a situation in which the administrator must disclose it, to inform interested parties that there may be a future negative effect, even though it is not, at that moment, likely to occur. Finally, in the event of a remote risk, nothing should be done in terms of information. Finally, when the loss is already certain, the administrator should no longer consider it as a provision, but rather as "accounts payable". In the General Balance Sheet of the Union (BGU) [3] , the risks to which the treasury is subject are disclosed and reserves are made to cover possible losses.
This information also includes risks of a tax nature, which the Union understands that it will probably or possibly have to pay in the future. Here it is worth remembering that the statement that "the Union will have to pay" requires attention and caution, as, in fact, it is the Belgium Phone Number Data taxpayers who will contribute the resources to settle such liabilities, when they are confirmed. The public authorities' resources, for the most part, come from tax collection, although there are, as already mentioned, resources from other sources.
In this context , it is important that taxpayers are aware of some of the information contained in the BGU, which are indicators of action by the Federal Treasury that may not correspond to the best interests of the national coffers, as explained below. Thus, it is worth remembering that any and all federal taxes that are collected from the public coffers represent revenue for the Union. On the other hand, a contingency that is considered a possible loss only represents an expense for the Union when it is understood by it that such loss turned into probable.
This information also includes risks of a tax nature, which the Union understands that it will probably or possibly have to pay in the future. Here it is worth remembering that the statement that "the Union will have to pay" requires attention and caution, as, in fact, it is the Belgium Phone Number Data taxpayers who will contribute the resources to settle such liabilities, when they are confirmed. The public authorities' resources, for the most part, come from tax collection, although there are, as already mentioned, resources from other sources.
In this context , it is important that taxpayers are aware of some of the information contained in the BGU, which are indicators of action by the Federal Treasury that may not correspond to the best interests of the national coffers, as explained below. Thus, it is worth remembering that any and all federal taxes that are collected from the public coffers represent revenue for the Union. On the other hand, a contingency that is considered a possible loss only represents an expense for the Union when it is understood by it that such loss turned into probable.