It is crucial for companies that are planning to dispose of products to correctly complete the official disposal process. If the steps of the official disposal process are not followed properly, companies may fail to accurately cleanse their balance sheets and may not fully benefit from the tax advantages.

There are numerous steps that must be carried out sequentially and completely for the official disposal to be executed. The first of these steps begins with obtaining a quotation and setting a disposal date from a licensed disposal facility. Following this, more than ten subsequent steps must be carried out accurately. At the end of the official disposal process, documentation is prepared and a notification is submitted to the tax office regarding VAT.

SECURITY OF THE OFFICIAL DISPOSAL PROCESS

While completing the official disposal is highly important, ensuring that it is done securely is equally critical. There have been instances where disposed products were later found in garbage or reappeared in the market for unauthorized resale.

To prevent such incidents, it is essential to work with a reliable and trustworthy consulting firm. The firm managing the official disposal process on your behalf should implement safety measures such as repackaging the products with security tape and sealing vehicle compartments with serial-numbered locks. Additionally, it is important to ensure that the consulting firm offers solutions that allow you to track the official disposal process online.