All assets on balance sheets of enterprises must be revalued in accordance with market prices as at 1 January 1997. Revaluation can take place by assessing the market value or applying inflation indices which will be published by Goskomstat. The restated values will not influence property tax or depreciation for tax purposes in 1996 and 1997.
Government Regulation of 7 December 1996 No. 1442
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: [email protected] or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Government Regulation of 7 December 1996 No. 1442
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: [email protected] or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
