Information letter from the Ministry of Finance on the application of federal accounting standards for determining the tax base for property tax of organizations (in terms of the justification for impairment)

Essence: In determining the tax base for property tax of organizations as the average annual value of property in relation to fixed asset objects that have been tested for impairment, the organization considers the change in their book value as a result of impairment.

Source: Ministry of Finance letter dated 11.12.2023 № 03-05-04-01/119366