All of us ask ourselves, How Does A Fixed Asset Register Work? The Electronic Fixed Assets Register is within the mandatory books for taxpayers designated as primary taxpayers of the Intendancy of Main National Taxpayers. They are obliged to keep them in accordance with the rules of the Income Tax Law and their income Gross.
Fixed Asset Register
In the previous year, are equal to or greater than 3,000 UIT (S / 11’550,000.00 Nuevos Soles, the 2015 UIT considered which was equal to S / 3850.00).
Likewise, this record as such, whether physical or electronic,
is mandatory to the extent that the company needs to support depreciation for expense purposes, as indicated in subsection f) of the TUO Regulation of the Tax Law. The rent. If we wanted to see it in another way, it would be for taxpayers of:
- General Regime and the new
- MYPE Tax Regime (RMT)
Fixed Asset Register, there are no minimum parameters to require to register, so that all taxpayers of the indicated regimes.
who have at least one fixed asset of their property or acquired it.
through a financial planning lease (Leasing) or contracts of similar nature.
by which it has the risks and benefits of the same will force to its elaboration.
However, it will only require electronic to the extent that included within the taxpayers of the first paragraph.
Tax Nature Register
Tax Fixed Asset Register should be noted that this record is purely taxable,
as is even specified in Report N ° 006-2014 / SUNAT (Available Here) after the following: “In the Fixed Assets Registry,
the depreciation is determined in accordance with the Income Tax Regulations.”
Thus, if you have a depreciation for accounting purposes, there is no prohibition to keep an additional record for such purposes.
But let it be clear that these records are for tax purposes. If there are differences, these will have to be adjusted in an accounting manner,
as far as the tax regulation indicates in the third-to-last paragraph of subsection b of article 22 of the regulations of the Income Tax
Law: “The Fixed Asset Register depreciation accepted for tax purposes will be that.
which found accounted for within the taxable year in the books and accounting records, provided.
that it does not exceed the maximum percentage established in this table for each unit of fixed assets,
without taking into account the depreciation method applied by the taxpayer. “.
The only situation where the accounting for depreciation is not requested is fixed assetsو
under a lease under the modality of financial leasing referred to in Leg.
Sub-Books of Fixed Asset Register
This electronic book is made up of 3 sub books:
– 7.1 RECORD OF FIXED ASSETS – DETAIL OF FIXED ASSETS REVALUED AND NOT REVALUATED
– 7.3 REGISTER OF FIXED ASSETS – DETAIL OF THE EXCHANGE DIFFERENCE
– 7.4 REGISTRATION OF FIXED ASSETS – DETAIL OF FIXED ASSETS UNDER THE FINANCIAL LEASE MODALITY AS OF 12.31.
Information about Fixed Asset Register
This registry must contain the information requested by Annex 2 of Superintendency و
Resolution No. 286-2009 / SUNAT and amendments. The latest current annex is at your disposal و
at the following link: Download Annex 2. Next, we will go on to detail the fields that comprise the aforementioned annex:
Period. – As the fixed asset management register is an annual periodicity book.
The period to be placed in this field will be with the following structure.
YYYY0000, where: YYYY is the year.to which the registration corresponds.
Unique Code of the Operation (CUO). – It is the unique key or unique key or primary key of the accounting software.
that uniquely identifies the accounting entry. It must be the same as recorded in the Daily Book.
This is one of the most radical changes in this registry. Unlike previous versions or even the physical fixed assets registry.
The entire operation is described in a single line.
However, requiring the presence of the CUO implies that each entry for depreciation, improvement, acquisition, etc.
Corresponding to a different CUO implies that the information cannot place in a single line as previously styled,
but now a single fixed asset could have up to 20 lines if that is the case.
Correlative Number
A correlative number of the accounting entry. – The first digit must be “A” for the opening entry for the year,
“M” for the movements or adjustments entries for the month, or “C” for the closing entry for the year.
This further reinforces the legislator’s intention since it indicates that, in effect,
there may be different lines for the same fixed asset,
An in the case of opening entries, initial balances of the fixed asset, for movements.
It is almost unlikely to happen in relation to C since it is not a closing account for accounting purposes, despite this.
Because in principle, these books are generated from accounting systems.
The legislator has put himself in the situation that a Taxpayer wants to register operations for closed periods.
where the accounting system automatically assigns the code C because it presumes that it is a closing entry.
Vehicle identification data
Catalog code used. – Only options 3 and 9 of Table 13 may include. This table is available.
at the following link: Download Annex 3. The codes referred to are:
3 GS1 (EAN-UCC)
9 OTHERS
Code 3 is for those who use the international GS1 coding.
– Own code of the fixed asset inventory corresponding to the informed catalog. –
This data is mandatory and is considered a key field, and in so far as it is understood,
it would allow linking all the movements of a fixed asset.
– Code of existence, according to the Single Catalog of Goods, administrative Services, and Works. –
This code is mandatory only as of 01.01.2018 and is established by the State Procurement Supervisory Agency (OSCE).
The same one that can download from the following access: Download OSCE Code
Fixed Asset type code. – A value must place as corresponds to:
- NOT REVALUED OR REVALUATED WITHOUT TAX EFFECT
- REVALUATED WITH TAX EFFECT
will indicate that the asset has not been subject to revaluation or that revalued.
It has no tax effect as it considered for determining the computable cost of the assets or their depreciation.
Such is the case of the regime provided in numeral 2 of art.
104 of the Income Tax reports Law applicable to the Reorganization of Companies.
Number 2 is exclusively for those revaluations that have a tax effect since the value for which they are revalued is computable as cost.
Such is the case of the regime provided in numeral 1 of art—104 of the Income Tax Law applicable to the Reorganization of Companies.
– Fixed Asset Accounting Account Code. – In this field, the accounting account will register at the division level to identify the fixed asset or depreciation, if applicable.
Status of Fixed Assets. – You must select between the following codes:
- DISUSE ASSETS
- OBSOLETE ASSETS
- OTHER ASSETS
In the case of fixed assets in disuse or obsolescence, these must accredit and support by a technical report,
issued by a competent and collegiate professional. This is how the penultimate paragraph of art—22 of the Regulations of the Income Tax Law.
- Description of Fixed Assets. A brief description of the fixed asset will enter this field. This field is mandatory.
- Brand of Fixed Assets. Register the brand of the fixed asset, if applicable; otherwise, register a dash.
- Fixed Assets Model.
- Register the model of the fixed asset, if applicable, otherwise register a dash “-.”
- Serial number and/or plate of the Fixed Assets. – Register the serial number and/or plate of the fixed asset, if applicable,
otherwise register a dash “-.”
Detail of Amounts Movements of Fixed Assets
- Amount of the initial balance of the Fixed Assets. – This amount must come from the opening entry, and therefore field 3 should begin with “A.”
- The Number of acquisitions or additions of Fixed Assets.
- – Amount in the case of acquisitions that can make in the financial obligations year.
- If this is the case, the CUO of this transaction should coincide with the CUO noted in the purchase register.
- Amount of improvements to Fixed Assets.
- For this amount, established in the International Accounting Standard No. 16 is available
- The amount for other adjustments in the value of the Fixed Assets.
If the International Accounting Standards also apply.
Detail of Depreciation Amounts
Accumulated depreciation at the end of the previous year. – Depreciation corresponding to the previous year.
The fixed assets registry will accumulate depreciation amount at the beginning of the year.
That is correlative field 3 will start with “A” if applicable.
Amount of depreciation for the year without considering the revaluation. –
Refers to the depreciation that corresponds to the normal exercise of the activity with the application of.
the percentages provided in inc. B of art. 22 of the Regulations of the Income Tax Law.
Value of the year’s depreciation related to the withdrawals and/or disposals of the Fixed Asset. –
If applicable. The amount relating to the depreciation associated with the fixed asset’s withdrawals and/or disposals indicated in this field.
Value of depreciation related to other adjustments. – If appropriate adjustments made during the year.
Value of the depreciation of the voluntary revaluation carried out. If it has depreciated,
indicate the value of the depreciation linked to the fixed asset subject to revaluation.
Value of the depreciation of the revaluation carried out by reorganization of companies. –
In the case of reorganization of companies. Without considering the tax effect of the same.
Operation Indicator
You must indicate one of the following values as appropriate:
- Register ‘1’ when the operation corresponds to the period.
- The Register ‘8’ when the operation corresponds to a previous period and recorded in that period.
- Register ‘9’ when the operation corresponds to a previous period. YES, it recorded in that period.
Having explained the concepts of each of the fields. We will proceed to carry out the following practical case.
Conclusion
In a business, fixed assets often called “property, plant, and equipment.
” This is because most of the fixed assets items purchased to serve a business purpose.
Typical examples of PPE and equipment include land, buildings, vehicles, machinery, and IT equipment.
