Random depreciation for starting entrepreneurs to end
There is a plan but the government has yet to decide
The government has proposed a change in rules. The proposal will also be debated in the Lower and Upper Houses of Parliament. The proposal may therefore still change, but it can be helpful to be aware of this in advance.
For whom?
- starting entrepreneurs who use random depreciation
What changes?
The government plans to end random depreciation for starting entrepreneurs from 1 January 2028, at the same time as the tax relief for new companies. From that date, the normal depreciation rules for business assets will apply.
Are you a starting entrepreneur for income tax purposes and are you entitled to the tax relief for new companies? You can currently decide how and when you depreciate certain business assets. This applies to business assets you bought in a year in which you could claim the tax relief for new companies, or in the year before. This scheme is called random depreciation for starting entrepreneurs.
When?
Random depreciation for starting entrepreneurs is expected to end on 1 January 2028.
Amendments
More changes on this subject:
- Tax relief for new companies in case of occupational disability to endEffective date: 1 January 2029