COMPARISON OF TAX DEPRECIATION OF TANGIBLE FIXED ASSETS IN THE CZECH REPUBLIC AND GERMANY

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

COMPARISON OF TAX DEPRECIATION OF TANGIBLE FIXED ASSETS IN THE CZECH REPUBLIC AND GERMANY

Popis výsledku v původním jazyce

The aim of the paper is to compare the tax depreciation of tangible assets in the Czech Republic and Germany. Tax depreciation is similar in both countries as to the depreciation base (acquisition price or production costs) and to the officially stated useful lifetime of assets. Component depreciation is generally not permitted for tax purposes. The main difference regarding tax depreciation and reporting a depreciation expense in these countries is the ownership of leased assets (legal owner in the Czech Republic and beneficial owner in Germany). Differences were found in the applied depreciation methods (degressive depreciation is permitted in the Czech Republic but is not permitted in Germany for assets bought in 2011 onwards) and in the definition and method of depreciation of low-value assets (GWG). Tax depreciation depends on a national tax legislation and influences the tax base and the due and deferred income tax but should not influence the reported accounting depreciation and accumulated de

Název v anglickém jazyce

COMPARISON OF TAX DEPRECIATION OF TANGIBLE FIXED ASSETS IN THE CZECH REPUBLIC AND GERMANY

Popis výsledku anglicky

The aim of the paper is to compare the tax depreciation of tangible assets in the Czech Republic and Germany. Tax depreciation is similar in both countries as to the depreciation base (acquisition price or production costs) and to the officially stated useful lifetime of assets. Component depreciation is generally not permitted for tax purposes. The main difference regarding tax depreciation and reporting a depreciation expense in these countries is the ownership of leased assets (legal owner in the Czech Republic and beneficial owner in Germany). Differences were found in the applied depreciation methods (degressive depreciation is permitted in the Czech Republic but is not permitted in Germany for assets bought in 2011 onwards) and in the definition and method of depreciation of low-value assets (GWG). Tax depreciation depends on a national tax legislation and influences the tax base and the due and deferred income tax but should not influence the reported accounting depreciation and accumulated de

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

5th International Scientific Conference on Opportunities and Threats to Current Business Management in a Cross-Border Comparison 2019

ISBN

978-3-86367-062-7

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

109-117

Název nakladatele

Verlag der GUC m.b.H. Fachbuchreihe

Místo vydání

Chemnitz, Germany

Místo konání akce

Zelezna Ruda, CZECH REPUBLIC

Datum konání akce

7. 11. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000631253900011