26 Italy Fixed Assets Legal Report
This chapter contains these topics:
26.1 Understanding the Fixed Assets Legal Report
Italian law requires that companies submit Fixed Assets Legal Report (P74Y1201) (Registro dei beni ammortizzabili) prior to the final date for filing the tax report (Dichirazione dei Redditi) with the Fiscal Authority. The Fixed Assets Legal Report must be printed on prenumbered, stamped, and formatted paper.
The Fixed Assets Legal Report is a plain paper report that provides information that is needed to complete the official legal report. The Fixed Assets Legal Report does not comply with specific format requirements.
The Fixed Assets Legal Report includes this information for depreciable assets (both material and nonmaterial assets):
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Acquisition date
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Original cost
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Revaluation
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Devaluation
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Accumulated depreciation as of the end of the previous fiscal period.
The anticipated accumulated depreciation (fondo ammortamento anticipato) is displayed separately from the standard accumulated depreciation, when applicable.
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The actual depreciation coefficient applied during the fiscal period.
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The depreciation expenses for the fiscal period.
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The anticipated depreciation expenses for the fiscal period, when applicable.
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Disposals
The previous information must be displayed for each single asset for:
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Real state property.
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Registered Movable property.
For all the other assets, values can be displayed at the category level.
26.2 Setting Up the System
26.2.1 User Defined Codes
The assets will always be grouped by fiscal categories. For example:
Figure 26-1 General User Defined Codes - Fiscal Categories screen
Description of "Figure 26-1 General User Defined Codes - Fiscal Categories screen"
The program uses to identify the assets with special treatment. There are two kinds of assets for this report:
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Vehicles and Buildings
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Others Assets
For example:
Figure 26-2 General User Defined Codes - Special Assets Treatment
Description of "Figure 26-2 General User Defined Codes - Special Assets Treatment"
The program uses to identify the status of the Assets. The report selects only assets in certain status (different to blanks).
For example:
Figure 26-3 General User Defined Codes - Status or Disposal Code
Description of "Figure 26-3 General User Defined Codes - Status or Disposal Code"
26.3 Fixed Asset Legal Report Program
From Italian Reports (G74Y093152), choose Fixed Asset Legal Report
This program takes the asset information defined in Asset Master File (F1201) and amount in Asset Balance File (F1202) and generates only one report per company and final date.
Vehicles and buildings must be listed separately per each single assets ordered by fiscal category level and acquisition year. The assets will be always grouped by fiscal categories. In the system the fiscal category to use in the report are defined in one of the assets category codes. The user must define the category code number asset to be used. The rest of the assets will be grouped by category level and acquisition year. The acquisition date and disposal date will be included in the information per asset.
The report can be generated by parent fixed asset. The user defines how to show the information setting the processing option. If user selects the parent option, the information will be grouped per parent. In this case the amount of each child will be accumulated in their parent assets.
The report includes total by category code and general total. Besides, it will include at the end the Summary Page Section. It will show the same information than the report program but summarized and ordered by fiscal category and acquisition year. This section will be always printed.
26.3.1 Processing Options
Set these processing options to specify the default processing and printing for the report. See Section 43.8, "Processing Options for the Fixed Assets Legal Report (P74Y1201)."
Figure 26-4 Italy Fixed Assets Legal Report (page 1)
Description of "Figure 26-4 Italy Fixed Assets Legal Report (page 1)"
Figure 26-5 Italy Fixed Assets Legal Report (page 2)
Description of "Figure 26-5 Italy Fixed Assets Legal Report (page 2)"