Tax-deductible asset disposal

What it is
The term "tax-deductible asset disposal" [distruzioni fiscali] refers to a legally sanctioned process for disposing of company assets due to exceptional circumstances, such as voluntary removal from the company’s inventory.

Why choose TRS Ecology
TRS provides its facility for these legally required operations, enabling competent authorities to take part in the destruction process. Moreover, its consultants can support clients in preparing the necessary documentation to facilitate the disposal.

Benefits
Following the legally prescribed steps avoids penalties for VAT or income tax evasion, which could apply if the company fails to present proof of disposal during a tax audit.

Legal framework
The procedures for tax-deductible asset disposal are set out in Italian Presidential Decree No. 441 of 10 November 1997, Italian Ministry Circular No. 193/E of 1998, and the simplifications introduced by the "Development Decree" (Italian Decree-Law 70/2011, later converted into Italian Law No. 106/2011). Companies or VAT holders seeking to dispose of unusable goods must adhere to the above-listed provisions. Exceptions apply to disposals valued at less than €10,000, for which self-certification is sufficient. NB: The €10,000 threshold is based on the purchase cost, not the current market value of the assets.