Depreciation and provisions in simplified direct estimation
The simplified form of the direct estimate regime has the following special rules regarding the determination of deductible expenses:
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Depreciation of tangible fixed assets must be carried out on a straight-line basis based on a simplified depreciation table, specifically for this type.
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The set of deductible provisions and expenses that are difficult to justify will be quantified exclusively by applying the percentage of 5 per 100 on the net income, this calculation is carried out and applied by the program in box 0129. The maximum deductible amount for this concept will be 2,000 euros per year.
However, this deduction percentage will not apply when the taxpayer chooses to apply the reduction for the exercise of certain economic activities.
Otherwise, the rules on deductibility of expenses are similar to those established for the normal form of the normal direct estimate regime.
In general, expenses provided for in accounting regulations are considered deductible, provided they are not expressly excluded by a tax regulation.
For an expense to be tax deductible, it must also have been accrued, accounted for and adequate justification must be available (usually a complete invoice).
TAX DEDUCTIBLE AMORTIZATION. SIMPLIFIED DIRECT ESTIMATION
AMORTIZATION OF TANGIBLE FIXED ASSETS , tax deductible
Depreciation of tangible fixed assets will be carried out on a straight-line basis based on the following simplified depreciation table, approved by the Order of March 27, 1998 (Official State Gazette of March 28):
|
Group |
Asset-related elements |
Maximum linear coefficient |
Maximum period |
|---|---|---|---|
|
Percentage |
Years | ||
|
1 |
Buildings and similar |
3 |
68 |
|
2 |
Installations, furniture, goods and rest of the tangible fixed assets |
10 |
20 |
|
3 |
Machinery |
12 |
18 |
|
4 |
Transport features |
16 |
14 |
|
5 |
Equipment for information processing, and computer systems and programs |
26 |
10 |
|
6 |
Chattels and tools |
30 |
8 |
|
7 |
Bovine, porcine, ovine and caprine stock |
16 |
14 |
|
8 |
Horse cattle and non-citric fruit trees |
8 |
25 |
|
9 |
Citric fruit trees and vineyards |
4 |
50 |
|
10 |
Olive grove |
2 |
100 |
Items of tangible fixed assets will begin to be depreciated from the moment they are placed in operating condition.
Assets must be amortized, excluding their residual value, within their useful life, meaning the maximum amortization period provided for in the tables.
ACQUISITION OF ASSETS BETWEEN JANUARY 1, 2003 AND DECEMBER 31, 2004.
For acquisitions of new assets made between January 1, 2003 and December 31, 2004, the maximum linear amortization coefficients established in the official amortization coefficient tables shall be understood to be replaced, in all references to them, by the result of multiplying those by 1.1. The new coefficient will be applicable during the useful life of the new assets acquired in the aforementioned period.