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Enter assets record:
We design a complete asset calculation solution to help you
1. Easily master depreciation calculation
2. Flexibly change the commercial ratio
3. Track depreciation records every year
Will automatically classify according to asset type
Fixed assets are classified as
10% / 20% / 30% Pool
or Non Pool item
1. Click the asset button below to enter the page
2. Click on the '+' button in the lower right corner
3. Select input method
Text input
Select from gallery
Select from document
Take photo
On/Off
Assets that can be paid in installments can also be handled
Example of adding fixed assets record
Select Spending Account
Automatically calculate the depreciation allowance for the fiscal year
The commercial ratio can also be adjusted freely
Sold Record
Automatically update tax allowance after sale
Non-fixed asset examples
Asset Classification
We will update accordingly
The following assets will be exempt from tax for the year:
1. Fixed assets - divided into 10% / 20% / 30% Pool
2. *Industrial construction costs - construction costs for industrial use areas
3. * Commercial construction expenses - Construction and renovation expenses for commercial purposes (20% tax allowance per year)
4. Manufacturing industry machinery and industrial equipment expense
5. Computer hardware and software expense
6. Green machines/equipment/vehicles
* Expense on property purchases for business operations are capital in nature and are eligible for an initial 20% tax allowance for industrial buildings.
*Annual 4% tax allowance for industrial and commercial buildings.
Fixed assets -
60% initial tax allowance in the year of purchase and % annual allowance of the group to which the asset belongs each year
10% Pool
Air conditioning
Industrial equipment
Bank safe deposit boxes, doors and iron bars Cables
Light poles (street) - gas or electric Lifts and escalators (electric)
Mains pipe duct (gas or water)
Fuel tank vessels, sailboats, sampans, barges and tugboats
Water sprayers
30% Pool
20% Pool
Household appliances
Furniture (excluding soft furnishings)
Indoor air conditioning systems
achts, ferries and hydrofoils
Taxi meters
Lead and printing plates
Aircraft (including machinery)
Syphons for use in bars
Bicycles
Bleaching and finishing machinery and industrial equipment
Concrete pipe moulds
Rice cookers and electric kettles
Electronic data processing equipment
Manufacturing machinery and industrial equipment (electronics, plastics, silk, sulphuric acid and nitric acid, textiles and clothing)
Cars
Outboard engines Trucks
Tractors - Mud scrapers and road rollers
Weaving, spinning, knitting and sewing machines
According to our accounting team’s experience,
the calculation of asset tax allowance is very complicated.
We hope to ensure that users will not miss a single cent.
Each asset is calculated independently and
Tax allowance amount of each asset is calculated every year.