Incentivized accelerated depreciation: opportunities and benefits
Posted: Thu Jan 30, 2025 10:49 am
In May 2024, Law 14,877/2024 was enacted, transforming Provisional Measure 1255/2024 into a rule. This legislation brought important new features by authorizing the granting of accelerated depreciation quotas for new machinery, equipment, devices and instruments intended for fixed assets .
The main objective is to benefit certain sectors of the economy , providing tax advantages, such as the deduction of the depreciation value from net profit for the purposes of calculating IRPJ and CSLL . Thus, companies can reduce their tax calculation bases by using this mechanism.
Decree 12,175/2024, recently published, regulates indonesia telegram data the tax benefit, clarifying which sectors and activities will be entitled to accelerated depreciation . In addition, it establishes tax waiver limits, which means that there is a maximum amount of tax waiver to be granted, totaling R$1.7 billion. This limit is distributed among the different sectors incentivized, identified by their respective CNAE codes. Companies in these sectors may benefit, as long as they meet the requirements established in the legislation.
Benefited Sectors and Waiver Limits
The sectors that can benefit from accelerated depreciation are listed in the sole annex of Decree 12.175/2024. Some of the incentivized sectors include the manufacture of food products, textiles, clothing articles, biofuels, among others. The list covers several industrial activities, such as the manufacture of machinery and equipment, agricultural pesticides and personal hygiene products. For each of these sectors, the legislation stipulates a maximum tax waiver amount, allowing greater fiscal control over the impact of the measure. The incentivized CNAE codes are:
10. Manufacture of food products
13. Manufacture of textile products
14. Manufacture of clothing and accessories
15. Preparation of leather and manufacture of leather goods, travel goods and footwear
16. Manufacture of wood products
17. Manufacture of pulp, paper and paper products
18. Printing and reproduction of recordings
19.3 . Biofuel production
20.4 . Manufacture of artificial and synthetic fibers
20.5 . Manufacture of agricultural pesticides and household disinfectants
20.6 . Manufacture of soaps, detergents, cleaning products, cosmetics, perfumery and personal hygiene products
20.7 . Manufacture of paints, varnishes, enamels, lacquers and related products
21. Manufacture of pharmaceutical and pharmaceutical products
22. Manufacture of rubber and plastic products
23. Manufacture of non-metallic mineral products
24 . Metallurgy
25. Manufacture of metal products, except machinery and equipment
26. Manufacture of computer equipment, electronic and optical products
27. Manufacture of electrical machines, equipment and materials
28. Manufacture of machinery and equipment
29.4 . Manufacture of parts and accessories for motor vehicles
30. Manufacture of other transport equipment, except motor vehicles
31. Furniture manufacturing
32. Manufacture of various products
41. Construction of buildings
42. Infrastructure works
It is worth noting that the granting of this benefit aims not only to boost strategic sectors, but also to ensure that the tax incentive is aligned with budgetary limits. Companies interested in joining the accelerated depreciation must strictly observe the established limits, otherwise they will not be able to obtain the benefit.
The main objective is to benefit certain sectors of the economy , providing tax advantages, such as the deduction of the depreciation value from net profit for the purposes of calculating IRPJ and CSLL . Thus, companies can reduce their tax calculation bases by using this mechanism.
Decree 12,175/2024, recently published, regulates indonesia telegram data the tax benefit, clarifying which sectors and activities will be entitled to accelerated depreciation . In addition, it establishes tax waiver limits, which means that there is a maximum amount of tax waiver to be granted, totaling R$1.7 billion. This limit is distributed among the different sectors incentivized, identified by their respective CNAE codes. Companies in these sectors may benefit, as long as they meet the requirements established in the legislation.
Benefited Sectors and Waiver Limits
The sectors that can benefit from accelerated depreciation are listed in the sole annex of Decree 12.175/2024. Some of the incentivized sectors include the manufacture of food products, textiles, clothing articles, biofuels, among others. The list covers several industrial activities, such as the manufacture of machinery and equipment, agricultural pesticides and personal hygiene products. For each of these sectors, the legislation stipulates a maximum tax waiver amount, allowing greater fiscal control over the impact of the measure. The incentivized CNAE codes are:
10. Manufacture of food products
13. Manufacture of textile products
14. Manufacture of clothing and accessories
15. Preparation of leather and manufacture of leather goods, travel goods and footwear
16. Manufacture of wood products
17. Manufacture of pulp, paper and paper products
18. Printing and reproduction of recordings
19.3 . Biofuel production
20.4 . Manufacture of artificial and synthetic fibers
20.5 . Manufacture of agricultural pesticides and household disinfectants
20.6 . Manufacture of soaps, detergents, cleaning products, cosmetics, perfumery and personal hygiene products
20.7 . Manufacture of paints, varnishes, enamels, lacquers and related products
21. Manufacture of pharmaceutical and pharmaceutical products
22. Manufacture of rubber and plastic products
23. Manufacture of non-metallic mineral products
24 . Metallurgy
25. Manufacture of metal products, except machinery and equipment
26. Manufacture of computer equipment, electronic and optical products
27. Manufacture of electrical machines, equipment and materials
28. Manufacture of machinery and equipment
29.4 . Manufacture of parts and accessories for motor vehicles
30. Manufacture of other transport equipment, except motor vehicles
31. Furniture manufacturing
32. Manufacture of various products
41. Construction of buildings
42. Infrastructure works
It is worth noting that the granting of this benefit aims not only to boost strategic sectors, but also to ensure that the tax incentive is aligned with budgetary limits. Companies interested in joining the accelerated depreciation must strictly observe the established limits, otherwise they will not be able to obtain the benefit.