The recognition and valuation of assets are of great importance in the tax balance sheet. In principle, however, it must first be clarified whether the entrepreneur is obliged to prepare such a balance sheet at all. For the final presentation, it is also important which profit determination period applies and whether economic goods of all kinds are necessary or arbitrary operating assets.
Assets of all kinds (economic goods) are to be recognised in the tax balance sheet if the entrepreneur is obligated to create such according to the provisions of the tax code (AO). A distinction must be made between § 140 AO (derived accounting obligation) on the one hand and § 141 AO (direct accounting obligation):
This article does not replace tax or legal advice in an individual case. Facts, current law, jurisdiction, documentation and implementation remain decisive.