Brazil: Companies Evaluating Taxable Income under Actual Profit Method will be Qualified for Accelerated Depreciation by NairandCo

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The Brazilian government has regulated accelerated depreciation with the publication of Decree 7,854, effective from December 4, 2012. For corporate income tax purpose, companies evaluating their taxable income under actual profit method will be qualified for accelerated depreciation.

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									Brazil: Companies Evaluating Taxable Income under Actual Profit Method will be Qualified for
                                 Accelerated Depreciation

(Sunnyvale, CA)- The Brazilian government has regulated accelerated depreciation with the publication of Decree
7,854, effective from December 4, 2012. For corporate income tax purpose, companies evaluating their taxable
income under actual profit method will be qualified for accelerated depreciation.

Accelerated Depreciation is calculated by applying added rate on certain machineries, equipments, apparatuses
and instruments both new and obtained between September 16, 2012 and December 31, 2012.

The Decree lists 346 eligible items for accelerated depreciation which include - mechanical chains, straps and belts,
tubes, reservoir tanks, containers for compressed or liquefied gas, combustion engines and parts, hydraulic
turbines and parts, air compressors.

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