- to decrease the tax depreciation period for depreciation groups 4 and 5 from 30 to 25 years and from 45 to 40 years respectively;
- to transfer manufacturing equipment from group 3 to group 2 and to decrease the depreciation period in group 3 to either 12 or 10 years;
- in loss reporting years, provide the possibility of discontinuation of assets tax depreciation without an impact on the tax position;
- legislative solution to the depreciation of bad debts;
- support of investment through a tax investment credit method such as in the Czech Republic (a tax deduction of 10% of acquisition price of selected assets).
The information in this newsletter is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.
For further information contact Ruth Clamp, Arthur Andersen Bratislava on tel: +421 7 5340 545, fax: +421 7 5340 542 or e:mail directly to ruth.a.clamp@ArthurAndersen.com or enter text search 'Arthur Andersen' and 'Business Monitor'.