Depreciation and provisions in simplified direct estimate
The simplified direct estimate scheme has the following special rules for determining deductible expenses:
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Depreciation of tangible fixed assets must be carried out on a straight-line basis, depending on a simplified repayment table, especially for this type.
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The set of deductible provisions and expenses of difficult justification will be quantified exclusively by applying the percentage of 5 per 100 on the net yield, this calculation is carried out and applied by the program in box 0129. The maximum deductible amount for this item will be 2,000 euros per year.
However, this deduction percentage will not be applicable when the taxpayer chooses to apply the reduction for the exercise of certain economic activities.
In addition, the rules on the deductibility of expenses are similar to those established for the normal modality of the normal direct estimate regime.
In general, the expenses provided for in accounting regulations are considered deductible, provided that they are not expressly excluded by a tax standard.
In order for an expense to be tax deductible, it is also necessary to have accrued, be accounted for and have adequate justification (generally complete invoice).
Tax REPAYMENTS DEDUCTIBLE. Simplified DIRECT ESTIMATION
REPAYMENT OF THE PROPERTY, tax deductible
Depreciation of tangible fixed assets will be carried out on a straight-line basis according to the following table of simplified repayments, approved by the Order of 27 March 1998 (Official State Gazette of 28 March):
|
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 |
The tangible fixed assets will start to depreciate from their start in working conditions.
The capital elements must be amortised, excluding their residual value, within their useful life period, and understood as the maximum repayment period provided for in the tables.
Acquisition OF ASSETS BETWEEN 1 JANUARY 2003 AND 31 DECEMBER 2004.
For acquisitions of new assets carried out between 1 January 2003 and 31 December 2004, the linear depreciation coefficients the maximum established in the official tables of depreciation coefficients will be understood as being replaced, in all the entries made, 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.