New frontier for depreciable assets

Berlin (dpa / tmn) – Work equipment used in a professional capacity for several years can still be fully recognized as an income expense in the year of acquisition. The prerequisite: you stay below a certain limit. This is changing due to the temporary reduction in VAT.

The regulations apply not only to contractors, but also to employees and owners. “Since 2018, this limit has been 952 euros per worker,” explains Erich Nöll, director general of the Federal Association of Associations for Payroll Tax Assistance in Berlin. This is a gross amount, that is, the amount including sales tax.

In income tax law, however, the net amount of 800 euros is anchored. “For purchases made between July 1, 2020 and December 31, 2020, however, the reduced sales tax rate of 16% applies. As a result, the limit for so-called low-value assets is increased from 952 to 928 euros. “, calculates Nöll.

Delivery time is crucial

Important: the time of execution is decisive for the application of the sales tax rate. For example, if an employee ordered a laptop or notebook for 949 euros in June 2020, but the delivery was not made until July 2020, the laptop or notebook should be depreciated over its lifetime. normal three years. If the delivery had taken place in June, the acquisition costs would have been immediately deductible in full in professional costs.

The time of performance is the delivery and not the order or payment for the goods. If the trader passes on the VAT reduction in full despite the order in the first half of 2020, there is usually no problem. “However, you have to take into account the limit currently in force. It is only up to a gross amount of 928 euros that the costs in this case can be immediately claimed for tax purposes”, explains Nöll.

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