Differences between accounting and tax depreciation
article 12.1 of the LIS establishes that the amounts corresponding to the amortization of tangible and intangible assets and real estate investments are deductible. to the effective depreciation suffered by the different elements due to operation, use, enjoyment or obsolescence. And depreciation will be considered effective when:
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Be the result of applying the linear amortization coefficients established in the following table:
Element type Linear coefficient
maximumPeriod of years
maximumCivil engineering work General civil engineering work 2 per 100 100 Pavements 6 per 100 34 Infrastructure and mining works 7 per 100 30 Power plants Hydraulic power plants 2 per 100 100 Nuclear power plants 3 per 100 60 Coal plants 4 per 100 50 Renewable plants 7 per 100 30 Other power plants 5 per 100 40 Buildings Industrial buildings 3 per 100 68 Land dedicated exclusively to waste dumps 4 per 100 50 Stores and deposits (gases, liquids and solids) 7 per 100 30 Commercial, administrative and services buildings and dwellings 2 per 100 100 Facilities Substations. Transport and power distribution networks 5 per 100 40 Cables 7 per 100 30 Other facilities 10 per 100 20 Machinery 12 per 100 18 Medical and similar equipment 15 percent 14 Transport features Trains, carriages and traction equipment 8 per 100 25 Ships, aircrafts 10 per 100 20 Internal transport elements 10 per 100 20 External transport elements 16 per 100 14 Dumper trucks 20 percent 10 Furniture and fittings Furniture 10 per 100 20 Lingerie 25 percent 8 Glassware 50 per 100 4 Chattels and tools 25 percent 8 Moulds, patterns and models 33 per 100 6 Other household goods 15 percent 14 Electronic and computer equipment.
Systems and programsElectronic equipment 20 percent 10 Computer equipment 25 percent 8 Systems and computer programs 33 per 100 6 Cinematographic, phonographic productions, videos and audiovisual series 33 per 100 6 Regulations may modify the coefficients and periods provided for in this letter or establish additional coefficients and periods.
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Be the result of applying a certain constant percentage on the value pending amortization.
The constant percentage will be determined by weighting the linear amortization coefficient obtained from the amortization period according to officially approved amortization tables, by the following coefficients:
- 1.5, if the item has a payback period of less than 5 years.
- 2, if the element has a amortization period equal to or greater than 5 years and less than 8 years.
- 2.5, if the item has a amortization period equal to or greater than 8 years.
The constant percentage may not be less than 11 percent.
Buildings, furniture and fixtures will not be eligible for constant percentage amortization.
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Be the result of applying the method of numbers digits . This method is not admissible for buildings, furniture and fixtures.
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It conforms to a plan formulated by the taxpayer and accepted by the Tax Administration.
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The taxpayer justifies his amount .
Filling in form 200
In application of the provisions of this provision, the following adjustments will have to be made in boxes [00303] and [00304] "Differences between accounting and tax amortization (art. 12.1 LIS)" of page 12 of model 200:
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When the accounting amortization carried out in the year by the taxpayer for any of the concepts referred to in article 12.1 of the LIS is greater than the taxable amortization as established in said sections, the amount of this excess difference must be entered in box [00303] of increases. Likewise, when the element in subsequent tax periods is amortized for accounting purposes, the amount of said difference must be entered in box [00304] of decreases, as a consequence of the reversal of the positive adjustment, based on of tax amortization.
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And in the event that the taxable amortization is greater than the accounting amortization carried out by the taxpayer for the aforementioned concepts (and it is not the case of an accounting error), the amount of the corresponding difference in the box [00304] of decreases. Likewise, when the element in subsequent tax periods is tax amortized, the amount of said difference must be entered in box [00303] of increases, as a consequence of the reversal of the negative adjustment, based on of accounting amortization.