Differences between accounting and tax depreciation
Article 12.1 of the LIS establishes that the amounts that, in the concept of amortization of tangible and intangible fixed assets and real estate investments, correspond to the effective depreciation suffered by the different elements due to operation, use, enjoyment or obsolescence, are deductible. And the depreciation will be considered effective when:
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Let the result of applying the coefficients of linear amortization 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 Hydroelectric power stations 2 per 100 100 Nuclear power plants 3 per 100 60 Coal plants 4 per 100 50 Renewable power 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 percent 20 Machinery 12 per 100 18 Medical and similar equipment 15 per 100 14 Transport features Trains, carriages and traction equipment 8 per 100 25 Ships, aircrafts 10 percent 20 Internal transport elements 10 percent 20 External transport elements 16 per 100 14 Dumper trucks 20 per 100 10 Furniture and fittings Furniture 10 percent 20 Lingerie 25 percent 8 Glassware 50 percent 4 Chattels and tools 25 percent 8 Moulds, patterns and models 33 per 100 6 Other household goods 15 per 100 14 Electronic and computer equipment.
Systems and programsElectronic equipment 20 per 100 10 Computer equipment 25 percent 8 Systems and computer programs 33 per 100 6 Film productions, phonographic productions, videos and audiovisual series 33 per 100 6 The coefficients and periods provided for in this letter may be modified by regulation or additional coefficients and periods may be established.
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Let it be the result of applying a certain constant percentage on the pending amortization value.
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 an amortization period of less than 5 years.
- 2, if the item has an amortization period equal to or greater than 5 years and less than 8 years.
- 2.5, if the item has an amortization period equal to or greater than 8 years.
The constant percentage may not be less than 11 percent.
Buildings, furniture and fixtures may not be subject to depreciation using a constant percentage.
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Let the result of applying the digit number method be . This method is not acceptable for buildings, furniture and fixtures.
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It conforms to a plan formulated by taxpayer and accepted by the tax authority.
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Taxpayer justifies his amount .
Filling in form 200
In application of the provisions of this precept, the following adjustments must be made in boxes [ ] and [00304] "Differences between accounting and tax amortization (art. 12.1 LIS)" on page 12 of form 200:
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When the accounting amortization carried out in the fiscal year by the taxpayer for any of the concepts referred to in article 12.1 of the LIS is greater than the fiscally admissible amortization as established in said sections, the amount of this difference must be recorded as excess in box [00303] of increases. Likewise, when the element is amortized in the accounting records in subsequent tax periods, the amount of said difference must be recorded in box [00304] of decreases, as a result of the reversal of the positive adjustment, based on tax amortization.
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And in the event that the tax-admissible amortization is greater than the accounting amortization made by the taxpayer for the aforementioned concepts (and it is not the case of an accounting error), the amount of the corresponding difference must be recorded in box [00304] of decreases. Likewise, when the element is fiscally amortized in subsequent tax periods, the amount of said difference must be recorded in box [00303] of increases, as a result of the reversal of the negative adjustment, based on the accounting amortization.