Companies can benefit from the extended declining-balance depreciation.

This applies to movable assets of fixed assets, such as machinery or vehicles, that are purchased or manufactured between April 1, 2024, and December 31, 2024, and have a net acquisition cost exceeding €1,000.

Thanks to this regulation, twice the amount of the straight-line depreciation can be used, up to a maximum of 20% of the acquisition cost. This means that companies can write off their investments for tax purposes more quickly in the initial years. The calculation is made directly in the year of acquisition or manufacture, reducing the respective book value of the asset.

Consult your tax advisor to find out if this attractive opportunity is relevant for your company!