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Post by account_disabled on Dec 10, 2023 3:26:59 GMT
Determining whether we are dealing with renovation or improvement is extremely important due to the method of including expenses in tax deductible costs. In the case of renovation of a fixed asset, the incurred expenses will be immediately included in tax deductible costs. In the case of improving a fixed asset. Its value increases and the incurred expenses will through depreciation write-offs, so they will be spread over time. If it happens that during the tax year, in different months, If we make philippines photo editor purchases whose unit value does not exceed PLN, but their sum per year does. We should remember that this will be included in the costs through depreciation write-offs. As you can see, the correct allocation of expenses will be crucial for settling tax costs. It is therefore not surprising that in sales there are so many different types of tax interpretations and court judgments Renovation and improvement.
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