Depreciation Rules In Ukraine For 1997

(Coopers & Lybrand Times, Issue No. 21)

The Ukranian Government's resolution regarding the introduction of new depreciation rules to be effective 1 January 1997 was suspended until new legislation on profits taxation in Ukraine is adopted by Parliament. The Government decided that in 1997 legal entities must continue to calculate depreciation on fixed assets in accordance with the procedures and norms approved by the Resolution of the Cabinet of Ministers of USSR No 1072 dated 22 October 1990. The depreciation norms prescribed by this resolution should be adjusted by coefficient 0.5.

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