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V_GLOFAATAXDEPGRP - Define Tax Depreciation Group

In countries/regions using the Tax Depreciation Group, each fixed asset can be assigned to a specific Tax Depreciation Group. The Tax Depreciation Group defines how long the asset is depreciated for tax purposes. The National Classification Code is used to determine the Tax Depreciation Group an asset belongs to. The Tax Depreciation Group is used by reports which are issued to the Central Statistical Office and also for Tax Audit purposes.

A country/region may define specific Tax Depreciation Groups: Tax Depreciation Group 1 (4 years). Tax Depreciation Group 2 (6 years).