Pursuant to the Bill (Reg. No.3391), since 2009, the amount of expenditures for improvement of fixed assets of the enterprises is raised from 10 to 15%, provided the wear coefficient of fixed assets totals at least 50%. To boost economic development by means of depreciation policy, the Bill extends depreciation norms raised since 1 January 2004 onto all the fixed assets irregardless of the time they were purchased.
The Committee members deem necessary to take into account conclusions of the Ministry of Finance concerning influence of the Bill on budget revenue, as its application will reduce the revenue by more than 5,5 billion UAH. However, the Bill fails to envisage any ways to cover the budgetary losses.
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