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Fixed Assets - Add 3-year depreciation schedule for Small Business Corporations in South Africa

Small Business Corporations (SBC's) can, under certain circumstances, depreciate assets in a 3-year schedule as follows:

  • 1st year: 50%
  • 2nd year: 30%
  • 3rd year: 20%

See the attached document, under 4.2.

Currently, this is not possible (I checked with Support).

I expect this to work within Xero, as it is a regular tax rule in South Africa.

Adding this schedule for South Africa would be extremely useful and important, as we now have to do the depreciation outside of Xero.

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Edmund Lodewijks shared this idea  ·   ·  Report…  ·  Admin →
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  • Amy Wahl commented  ·   ·  Report

    Has there been any update on this from Xero?

  • Andrew MacRobert commented  ·   ·  Report

    This is crucial for our practice, as the majority of our clients make use of this depreciation method.

    Xero please add this to the depreciation options.