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2016, № 63

UDC: 336.22:658.155
GSNTI: 06.35.01

Bonus depreciation in tax accounting

There are almost no such organizations absolutely devoid of assets. Tax accounting contains a clause which reads that an organization can reduce its tax base by the amount of expenses charged to capital expenditures in the period of fixed assets acquisition. This process is otherwise referred to as bonus depreciation. Bonus depreciation is one of the most effective tools for tax payments settlement. It allows significant speed-up of the process of depreciable property cost writing off. Item 9 of article 258 of the Tax code of the Russian Federation establishes that a taxpayer is able to include in structure of expenses on capital investments the costs for capital investments in the amount of not more than 30% in relation to fixed assets belonging to the third - seventh depreciation groups and not more than 10% in relation to fixed assets, belonging to other depreciation groups. These costs are recognised as indirect expenses of the accounting (tax) period, which accounts for the depreciation start date (original cost modification date) of fixed assets. It is likely that bonus depreciation in the tax records will be used too rarely on the principle of previous years in the nearest future. This is because the urgency of the issue of accounting and taxation rapprochement and partial merger increases, after all, the reflection of the costs incurred is possible only in the tax accounting but this possibility is completely absent in accounting. Notwithstanding the foregoing, in the situation when the company is paying tax of large amount and plans to purchase or repair fixed assets with long service life, the use of bonus depreciation increases the income tax savings efficiency. Otherwise, the use of bonus depreciation will be of minimal benefit.
Keywords: Bonus depreciation, assets, fixed assets depreciation groups, tax accounting, accounting, tax payments
DOI: 10.21515/1999-1703-63-30-34

References:

1. Дыдычкина, И. Е. Оптимизация налоговой нагрузки организаций / И. Е. Дыдычкина, М. А. Столярова // Социально-экономические проблемы и перспективы развития АПК. - Сб. науч. статей по итогам III Междунар. студенческой науч.-практ. конф. - Ответственный за выпуск С. А. Шулепина. - 2015. - С. 45-48.
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Authors:

1. Polonskаyа Olga Pavlovna, PhD in economics, I.T. Trubilin Kuban State Agrarian University.
2. Motroshilova Tatiana Vladimirovna, student, I.T. Trubilin Kuban State Agrarian University.
3. Stolyarova Ekaterina Alekseevna, student, I.T. Trubilin Kuban State Agrarian University.