Fixed Assets - EBS (MOSC)

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Declining Balance Depreciation Method(Saudi Tax Law)

edited Dec 3, 2014 8:59AM in Fixed Assets - EBS (MOSC) 2 commentsAnswered

Hi Everybody,


As per Saudi Tax law, it's allowed to depreciate FA with 50% in first year. And other 50% remaining will be depreciated based on reducing balance method. The depreciation rate for years after first year it will be based on asset type. For some categories it will be 10% and for other will be 25%.

My question is how can I deal with this?? There is any predefined method or should I define new one.


Regards,


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