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Tax Depreciation in Tanzania

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Hi Friends,

 

As per the prevailing income tax law in Tanzania, whenever the net book value of any block of assets falls below TZS 1 million, we can depreciate the entire amount. For e.g. if the NBV of a block of assets is TZS 1.2 million and after the depreciation run is executed the NBV of that block would become TZS 0.80 million, then as per law we can claim depreciation of TZS 1.2 million instead of only TZS 0.40 million.

 

How to configure this in SAP?

 

Thanks & Regards,

Sameer


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