Manage Depreciation and Retirement Rules for Statutory Tax Reporting in the Czech Republic
(Doc ID 2622743.1)
Last updated on DECEMBER 20, 2019
Applies to:Oracle Fusion Assets Cloud Service - Version 220.127.116.11.0 and later
Information in this document applies to any platform.
This feature includes complying with the Statutory Asset Tax Reporting requirements for the Czech Republic as follows:
1. Round up depreciation amounts;
2. Change the asset's depreciation method in the Tax book after a technical appraisal;
3. Extend the life of an intangible asset after a technical appraisal;
4. Ensure depreciation is half of the annual amount when the asset is fully retired.
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