1.Question: If a fixed asset began to be constructed in 2025, and construction was completed and the asset was put into operation in 2026, will it be possible to apply the 100% deduction under the investment preference in 2026?
Answer: When choosing the deduction method after recognition of the preference object, the taxpayer is entitled to apply investment tax preferences in the form of a 100% deduction of the costs included in the initial cost of the object in the tax period falling in the year when the object is recognized in accounting as a fixed asset.
2.Question: Are expenses on settlements with persons applying the special tax regime based on a simplified declaration deductible for corporate income tax purposes?
Answer: In accordance with the Tax Code, from January 1, 2026, a taxpayer's expenses for the acquisition of goods, works, and services from persons applying the special tax regime (hereinafter - STR) based on a simplified declaration, as of the date of receipt of such goods, works, and services, are not deductible for the purposes of calculating corporate income tax.
At the same time, a taxpayer's expenses for the acquisition of goods from taxpayers applying the STR for self-employed persons, as well as peasant (farm) enterprises (hereinafter - PFEs) applying the STR for PFEs and applying exclusively this STR for PFEs, or the generally established taxation procedure for other activities, may be deducted subject to compliance with the conditions of Article 257 of the Tax Code.