The depreciation differences between two tax books?
Summary:
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Finland has the legal requirement to calculate the Depreciation Difference between 2 Books i.e., one in Local Finnish GAAP and one in Finish TAX GAAP.
There is options to calculate the deferred depreciation but based on my understanding this is limited to the depreciation difference between the corporate book and the tax book. Since the Local asset book is set up like a tax book in the system i guess it will not work.
The required setup is stated below:
Corporate: IFRS
Tax Books1: Local GAAP
Tax Book2: TAX GAAP
The Depreciation difference is supposed to be calculated for the Tax Book1 and Tax Book2, but I am only able to identify the option to calculate the Depreciation difference between corporate and Tax Books. Is it possible to calculate the difference between 2 Tax Books?