Understanding the Fixed Assets Legal Report

Italian law requires that companies submit Fixed Assets Legal Report - Italy (R7412100) (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 - Italy must be printed on pre numbered, 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):

• Acquisition date.

• Original cost.

• Revaluation.

• 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.

• The actual depreciation coefficient applied during the fiscal period.

• The depreciation expenses for the fiscal period.

• The anticipated depreciation expenses for the fiscal period, when applicable.

• Disposals (sale or other).