Applying a simplified taxation system (“income minus expenses”), the organization is faced with the turnover of fixed assets - some are acquired, others are retired. Depending on the nature of disposal, fixed assets are written off in different ways and the tax base is also affected in different ways.
It is necessary
Tax code, value of fixed assets, tax documentation of your company
Instructions
Step 1
You have the right to take into account the expenses for the acquisition or creation of a fixed asset (hereinafter - the fixed asset) for tax purposes from the moment the fixed asset is put into operation. In this case, the amount of expenses is written off in equal parts during the remaining tax period, that is, it is evenly distributed over the quarters that remain until the end of the year. There is no need to correct declarations for the previous quarters of the year.
Step 2
When a fixed asset is disposed of, it is usually necessary to recalculate the taxable base for the past periods. Most often, disposal occurs as a result of a sale. If you sold the fixed asset within three years from the date of accounting for the acquisition costs (and if its useful life is more than 15 years, then within 10 years), you must recalculate the tax base for the entire period of operation of the fixed asset, pay additional tax, and also calculate and pay interest. The proceeds from the sale of the property are considered taxable income. It is impossible to take into account the residual value of fixed assets as part of expenses - the Ministry of Finance and the Tax Code are against.
Step 3
If you transfer fixed assets to another organization as a contribution to its authorized capital, you must adjust the tax base, since part of the property is alienated from you, but this is where your actions end. The assets acquired in exchange for the assets contributed (shares, shares, etc.), according to the Tax Code, are not the sale of products, works or services and do not create a taxable base for enterprises using the simplified tax system. Likewise, if you yourself received fixed assets as a contribution to your organization, the value of these items is not taxable income.
Step 4
In the case of writing off fixed assets due to wear and tear (which is determined by a specially created commission), disturbance in the tax background will arise only if some parts of the decommissioned object are recognized as working and are capitalized for further use. Then the tax base will increase by the market value of these parts. If the fixed asset is written off entirely, then the organization will not have any income, just as there is no need to adjust expenses for previous periods. The unwritten part of the cost of the fixed asset will, unfortunately, disappear.
Step 5
In the event of theft or damage to fixed assets, the amount of the loss is written off to the account "Shortages and losses from damage to valuables"; there is no need to adjust the tax base. If the organization received compensation for damage, this is recognized as non-operating income.
Step 6
If you conclude an exchange agreement with another person, then your taxable base will increase by the amount of the market value of the fixed assets received in exchange. Also, you will have to recalculate taxes for previous periods, adjusting them for the value of your OS given in exchange, since in this case me is equated to implementation. That is, the actions will be exactly the same as when selling a fixed asset.
