Tax depreciation: lower rates allowed by the ISR regulation (art. 24, AG 213-2013)

The regulation of Book I (ISR) of the Tax Update Act (Acuerdo Gubernativo 213-2013, art. 24) lets taxpayers apply, under the straight-line method, depreciation percentages lower than the maxima of art. 28 of the Act (Decreto 10-2012) when they judge it better suited to the assets' conditions of use; the percentage adopted must be recorded in the books and, once adopted, cannot be changed. The maximum percentages by asset class sit in art. 28 of Decreto 10-2012, read in chunk 03-isr-depreciacion-porcentajes-maximos-art-28 (buildings 5 %, machinery and vehicles 20 %, computers 33.33 %, other movables 10 %).

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