2019 Worldwide Capital and Fixed Assets Guide

Preface

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Capital expenditures represent one of the largest items on a company’s balance sheet. This guide helps you to reference key tax factors needed to better understand the complex rules relating to tax relief on capital expenditure in 31 jurisdictions and territories.

The content is based on information current as of February 2019 unless otherwise indicated in the text of the chapter. The tax rules related to capital expenditures across the world are constantly being updated and refined. This guide is designed to provide an overview. To learn more or discuss a particular situation, please contact one of the country representatives listed in the guide.

The Worldwide Capital and Fixed Assets Guide provides information on the regulations relating to fixed assets and depreciation in each jurisdiction, including sections on the types of tax depreciation, applicable depreciation rates, tax depreciation lives, qualifying and non-qualifying assets, availability of immediate deductions for repairs, depreciation and calculation methods, preferential and enhanced depreciation availability, accounting for disposals, how to submit a claim, and relief for intangible assets.

For the reader’s reference, the names and symbols of the foreign currencies that are mentioned in the guide are listed in the navigation at left.

This is the second publication of the Worldwide Capital and Fixed Assets Guide. For many years, the Worldwide Corporate Tax Guide has been published annually along with two companion guides on broad-based taxes: the Worldwide Personal Tax Guide and the Worldwide VAT, GST and Sales Tax Guide. In recent years, those three have been joined by additional tax guides on more specific topics, including the Worldwide Estate and Inheritance Tax Guide, the Worldwide Transfer Pricing Reference Guide, the Global Oil and Gas Tax Guide, the Worldwide R&D Incentives Reference Guide and the Worldwide Cloud Computing Tax Guide.

Each of the guides represents thousands of hours of tax research. They are available free online along with timely Global Tax Alerts and other great publications on ey.com or in our EY Global Tax Guides app for tablets.

You can also keep up with the latest updates at ey.com/GlobalTaxGuides, and find out more about the app at ey.com/TaxGuidesApp.


David H. Helmer
Global
David H. Helmer
+1 202 327 8355
Scott Mackay
Americas
Scott Mackay
+1 202 327 6069
Katie Selvey-Clinton
Europe, Middle East, India and Africa
Katie Selvey-Clinton
+44 20 7951 3723
Hideaki Furukawa
Japan
Hideaki Furukawa
+81 3 3506 4231
Jamie Munday
Asia-Pacific
Jamie Munday
+61 2 9276 9087