Current changes in depreciation of assets (no. 1001)

The amendment to the Act on Income Taxes from the end of 2020 (the so-called Tax Package 2021, i.e. the law No. 609/2020 Coll.) has brought, in addition to, for example, the abolition of the so-called super-gross wage, also fundamental changes in the depreciation of both tangible and intangible assets. Namely, the value limit for tangible assets and their technical improvement was increased; furthermore, the tax package abolished the tax depreciation of intangible assets and “renewed” extraordinary depreciation.

Extraordinary depreciation relates to tangible assets acquired from January 1, 2020 to December 31, 2021. The assets classified under the 1^st depreciation group can be newly amortized in as little as 12 months; tangible assets classified under the 2^nd depreciation group can be newly amortized in 24 months. However, extraordinary depreciation can only be claimed by the first depreciating person, therefore, it relates exclusively to new tangible assets.

publikováno 05.03.2021