Revaluation of Assets - Accounting and Fiscal Implications

Abstract

Starting May 2009, revaluation reverts unknown for taxation, in terms of tax the profit. This new tax rule shapes again the accounting behaviour. Thus, it is likely that most firms with revalued assets to choose for transfer from revaluation reserve from account 105 “Revaluation Reserves “into account 1065 “Reserves representing surplus achieved in the revaluation reserve“ as damping assessed property depreciation, and not to remove it from book-keeping.revaluation of fixed assets, current accounting, fiscal applications