KMW ROTOR

[onushkakhan]

A company rented premises to carry out restaurant activities with an initial -year contract. A complete renovation was carried out to begin work. Since , the company has applied linear depreciation in relation to the duration of the contract, but as of today, what margin does the company have to accelerate the depreciation of these original, new assets? That is, could accelerated amortization be applied starting this year, with its corresponding tax adjustments? In this context, we will start from the consideration that the signed lease contract is an operating lease contract, taking into account the provisions of Registry and Valuation Standard of the PGC.

It should be noted that the expenses incurred by the company in the conditioning works in the Buy Bulk SMS Service leased premises, to the extent that they consist of investments that are not separable from the leased asset, must be activated as “property, plant and equipment” and depreciated, for accounting purposes, based on its useful life, which will be the duration of the lease contract, when this is less than the economic life of the asset, so that an adequate correlation between income and expenses is produced.



Said accounting expense will be considered tax deductible. Annual contract In the event that the lease contract signed was an annual rental contract, tacitly extendable year after year, the extension period must be taken into consideration when there is evidence to support that it will occur. If the consulting entity meets the requirements set forth in article of the LIS to be considered small, the possibility of applying the accelerated amortization provided for in article of the LIS could be considered. This issue has been resolved by the DGT in CV-, denying such possibility.

To resolve questions like this, visit the online training courses that Asesor Excellent makes available to tax, labor and accounting consultancies. You will have all the news in the sector so that the members of your office are fully up to date. Do not miss: The Income Tax Closure The Closing of Corporate Tax Monographic Course on Financial Taxation Monographic course on Payroll and Contracting.
_________________
Buy Bulk SMS Service

[Reklama]