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Post by account_disabled on Dec 10, 2023 3:27:20 GMT
Definition of improvement in the Personal Income Tax Act. Reconstruction. Changing the parameters of a fixed asset. For example, installing a gas installation in a company car. Expansion. In the judgment of the Supreme Administrative Court, reference number II OSK / of width For example, it may be adding a floor or building a terrace in an existing building. Reconstruction This is the replacement of fully or partially used fixed assets. For example, it may be replacing a monitor in a computer set. Adaptation. Giving new functional features. For example, it may be changing the purpose of a commercial premises into a hotel. Modernization. Modernization. fixed asset For example, in a commercial premises philippines photo editor Fixed assets are considered improved if the sum of expenses incurred for their reconstruction, expansion, reconstruction, adaptation or modernization. In a given tax year exceeds the amount of PLN and these expenses result in an increase in the value in use in relation to values on the date of acceptance of fixed assets for use. What is the meaning of renovation of a fixed asset? Unfortunately, the concept of renovation has not been defined in tax laws. Under construction law, renovation is aimed at restoring the original condition. As can be read in one of the interpretations No.
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