CZ134 - Changes in Czech Depreciation Rules

Czech authorities have special rules on how fixed assets can be depreciated, especially for tax reasons. If additions to existing fixed assets or discards are processed, specific related rules must be followed. The specific Czech tax depreciation is always yearly based. Depreciation amounts are usually rounded to full amounts. Today, the value limit set by the authorities amount to 40.000 CZK. This has to be considered, if the depreciation runs under "Addition" conditions or if it is a "Technical Increase" which indicates other depreciation rules. The user can decide in the moment of activation if it is an "addition" or a "technical increase". Technical increases are not allowed in the year of the original acquisition of the asset. The Czech law also allows stopping the depreciation for a time range once the Fixed Asset is not in use. When discarding a Fixed Asset, a half year rule can be applied resulting in additional depreciation.

Version	NCR ID	Delivery Unit
15.1.3	1624921	CZ