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One-time depreciation expense up to PLN 100,000 per year – amended income tax as of 12 Aug 2017

Wednesday, 20 September 2017 10:59

Starting from 12 Aug 2017 some brand new fixed assets classified in groups 3-6 and 8 of the CFA (KŚT) can be depreciated on a one-time basis if they are entered into a fixed assets register and meet the following conditions:

  1. their initial value is at least PLN 10,000 (see art. 22k..15.1 of the Personal Income Tax Act and art. 16k.15.1 of the Corporate Income Tax Act), and
  2. heir value is below PLN 10,000 (but exceeds PLN 3,500), if the initial value of two or more brand new fixed assets purchased by a tax payer in a tax year equals at least that amount (see art. 22k.15.2 of the PITA and art. 16k.15.2 of the CITA);

Example: In October 2017 a tax payer purchased a brand new fixed asset classified in group 6 of the CFA dated 2011 whose initial value is PLN 5,500, and then in November 2017 – another brand new fixed asset classified in group 8 of the CFA dated 2011 whose initial value totals PLN 7,000. The tax payer will not acquire the right to have the two fixed assets depreciated on a one-time basis pursuant to art. 22k.14-21 of the PITA (and art. 16k.14-21 of the CITA) until November 2017 (after the purchase of the second brand new fixed asset whose initial value exceeds PLN 3,500 and after the value of the two fixed assets reached the limit of PLN 10,000).