From January 1, 2022, accountants will have to calculate depreciation according to the new rules. The changes are described in Federal Law No. 305 of 02.07.2021 and concerned the method and procedure for calculating depreciation, as well as expenses that form the tax base.
In the new version of Article 257 of the Tax Code of the Russian Federation, it is established that the initial cost of fixed assets will change in several cases, namely:
At the same time, it is noted that if, as a result of reconstruction, modernization or technical re-equipment of an object of fixed assets, its useful life does not change, then the taxpayer has the right to apply the depreciation rate determined based on the useful life that was originally established for this object of fixed assets.
In addition, from 2022, the Tax Code of the Russian Federation will also indicate that when upgrading fixed assets, the initial cost changes regardless of the residual value of fixed assets, and the depreciation rate remains the original.
Also, the Tax Code of the Russian Federation will establish that, regardless of the end of the useful life, depreciation will be discontinued from the 1st day of the month following the month when the cost of the object of depreciable property was completely written off.
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