Law no. 12,788, resulting from the conversion of Provisional
Measure no. 578, of August 31, 2012, was published on January 15,
2013. These laws allow taxpayers a threefold depreciation,
notwithstanding the regular depreciation, of certain automobiles
for the transport of goods, as well as wagons, trains, and tenders
for any purpose.
The tax benefit applies to new goods acquired or ordered from
September 1st, 2012 to December 12, 2012, and may be computed as of
January 1, 2013. The value of the total depreciation, accelerated
and regular depreciation, should not exceed the cost of acquisition
of the goods.
At the conversion of the Provisional Measure into the Law no.
12,788, lawmakers maintained the tax benefit in question without
any alterations, but also included new normative provisions that
deal, among other things, with the Tax Administrative
Proceedings.
