Post by account_disabled on Dec 9, 2023 22:29:19 GMT -5
Case studies. Below we will describe several different types of cases that can be encountered in practice, with an indication of how they should be be qualified for tax purposes Nature of work Description Qualification Insulation of building walls Insulating the building increases its utility value and increases its initial value Improvement Floor replacement Most often, technologically new materials are used when replacing a floor.
Tax authorities are of the opinion that such activities do not change the fact that we are dealing with a renovation Renovation Installation of air conditioning In this case, if the building did not have air conditioning before, it will be an improvement of the fixed asset philippines photo editor Improvement Roof replacement Even if when replacing the roof there is a fundamental change in the type of materials used, as renovation anyway. Renovation.
Replacing a damaged part in a fixed asset. In such a case, it is not always possible to give a clear answer. Much depends on what materials were used. Let's assume that it will be a machine in which the engine has broken down and you need to buy a new one, whether we are talking about renovation or improvement will be determined by the parameters of the new engine. If they are the same as before, it will be a renovation. However, if the parameters differ significantly from the current ones, it will most likely be an improvement. Renovation or improvement. Installation of the gas installation in a car.
Tax authorities are of the opinion that such activities do not change the fact that we are dealing with a renovation Renovation Installation of air conditioning In this case, if the building did not have air conditioning before, it will be an improvement of the fixed asset philippines photo editor Improvement Roof replacement Even if when replacing the roof there is a fundamental change in the type of materials used, as renovation anyway. Renovation.
Replacing a damaged part in a fixed asset. In such a case, it is not always possible to give a clear answer. Much depends on what materials were used. Let's assume that it will be a machine in which the engine has broken down and you need to buy a new one, whether we are talking about renovation or improvement will be determined by the parameters of the new engine. If they are the same as before, it will be a renovation. However, if the parameters differ significantly from the current ones, it will most likely be an improvement. Renovation or improvement. Installation of the gas installation in a car.