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Slovak Parliament Considering Depreciation and Amortization Changes

|Proposed Changes|Slovak Republic
Slovak Republic

The Slovak parliament is considering two draft bills that would amend certain rules regarding depreciation. The first draft bill would shorten from 40 years to 28 years the depreciation period for the sixth category of tangible assets, which includes administrative and residential buildings, hotels and similar buildings, and buildings for culture, education, health, and public entertainment. The second draft bill would increase and harmonize the acquisition value thresholds above which tang…

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