Tax Funnels Sixty Four

  Recognition of interest under a loan agreement Recognition of interest under a loan agreement between a specialized developer and an authorized bank for shared construction is carried out in accordance with the new procedure: income and expenses are recorded not monthly, as it was before, but as of the date of interest payment specified in such agreement (Federal Law No. 325 of September 29, 2019 -FZ). Losses You can keep silent about the temporary restriction on the transfer of losses, but we will warn you: it was extended until December 31, 2021 (Federal Law No. 325-FZ of September 29, 2019).  Recall that in the Accountants Walsall (tax) periods from January 1, 2017, to December 31, 2020, the tax base for income tax for the current reporting (tax) period, calculated in accordance with Art.  274 of the Tax Code of the Russian Federation (with some exceptions reflected in clause 2.1 of Article 283 of the Tax Code of the Russian Federation) cannot be reduced due to loss...

  Depreciation The method of calculating depreciation in Accountants in Walsall from 2020 is allowed to change no more than 1 time in 5 years (Federal Law No. 325-FZ of September 29, 2019).  Previously, the limitation was established only when switching from a nonlinear method to a linear one (clause 1 of article 259 of the Tax Code of the Russian Federation). Moving and rebuilding the OS The results of work related to the transfer and reconstruction of fixed assets owned by the taxpayer or operational management are not subject to income tax (Federal Law No. 325-FZ dated 29.09.2019).  It should be borne in mind that such work must be performed by third parties and include not only the creation but also the reconstruction of another capital construction object (s). Exercise of property rights to the results of intellectual activity Income in the form of property rights to the results of intellectual activity, established during the inventory for the period starting from ...