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Tax Depreciation

Definition

Tax Depreciation is the deduction allowed under UAE Corporate Tax for the wear and tear of business assets over time. It may differ from IFRS depreciation.


Key Points


  • Reduces taxable income
  • Applied to qualifying assets used in the business
  • Calculated based on tax rules, not just accounting policy
  • Must be documented and supported in tax filings


Example

A machine costing AED 300,000 is depreciated for tax at 20% per year, resulting in AED 60,000 deductible expense annually.

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