IT – Tangible
Fixed
Assets - Reductions
For
reinstatements and depreciation calculation purposes,
the fixed assets elements must be valued in the
following way:
a) Purchase
cost or production cost, whenever it regards,
respectively, articles purchased from a third party
against payment or articles manufactured or constructed
by the company itself (included the VAT that is not
deductible);
b) Value
resulting from the reassessment pursuant to the tax
laws;
c) Real
value - on commencement of the bookkeeping - of the
goods to be assessed for such purpose, when the purchase
or production cost is unknown, being possible to rectify
this value for tax purposes when it is considered
exceeded.
The acquisition cost of a fixed assets’
element is the corresponding purchase price, increased
by the expenses borne until it starts operating.
The production cost of a fixed assets’
element is calculated by adding up to the purchase cost
of raw-materials and consumption and to the direct
labour cost the other expenses directly ascribable to
the product at issue, as well as the indirect costs
related to the manufacturing or construction period
ascribable to it, as per system of expense used.
It is not legally obliged to take any
previous steps or to give notice to the Tax Authorities
in the way foreseen in article 26th-A of the
Transaction Tax Code.
However, the taxable persons have the
advantage to have in their possession elements that
justify the shortage in their stock of the good
destructed or run to waste, as a more secure way of
omitting the presumption foreseen in
article 80th
of the VAT Code; thus, should there is
such destruction or running to waste, it is advisable
for them to communicate those facts to the relevant
services – advising the day and time – to allow the tax
agents to carry out the proper control should they deem
necessary.
In any case, the taxable persons may draw
up, in their own interest, or keep a record of
destruction or running to waste of the goods subject to
reduction, witnessed by the people attending such act
and belonging or not to the company.
Written Notice nr. 35 264-VAT Division,
of 24-Out-1986
Apart from the drawing up of the
aforesaid Record of Reductions, it is advisable
to acquaint the Finance District Division (15 days’
notice at least) with the date and hour in which it will
be held, as to allow the tax agents to carry out the due
control if they wish so.
Sample of the Record of Reductions of
Tangible Fixed Assets
Decree Regulator 2/90 - Regime Fixed
Assets Depreciations
Esta
nota é apenas informativa e não responsabiliza os seus
divulgadores. Para uma informação mais concreta deve
consultar a Lei.
