IT – Stock Control
1 – The value of the stock to be
considered in the income and costs to be taken into
account in the assessment of the financial year net
profit is the one resulting from the application of
criteria that use:
-
Acquisition or production effective costs;
-
Standard
costs assessed as per adequate technical and
accounting principles;
-
Sales
price deducted from the normal profit margin (only
acceptable in the activity sectors in which the
calculation of the acquisition or production cost
becomes far too dear or cannot be assessed with
reasonable accuracy);
-
Special
Valorimetry for the stock considered as basic or
normal (require the previous authorization of the
DGCI-General Tax Division).
(Article
26th of the IRC Code)
Model of a stock taking sheet
.
This note is
only for information and does not hold its divulgers
responsible. For thorough information you must consult
the Law.
