Tax accounting of shortages
The identified deficiencies are reflected in the tax accounting in accordance with the provisions of the Tax Code. If the identified shortages do not, finally, exceed the norms of natural loss, then in accordance with subparagraph 2 of paragraph 7 of article 254 of the Tax Code of the Russian Federation, material costs for tax purposes are equal to losses from shortages and (or) damage during storage and transportation of material production reserves within the limits of normal loss, approved in the manner prescribed by the Government of the Russian Federation (see Appendix 1). Please note: the provisions of the Tax Code of the Russian Federation do not provide for the attribution of losses from shortage and (or) damage to material costs during storage and transportation of goods and materials within the limits of natural loss rates determined in the manner prescribed by local acts of the taxpayer (letter of the Federal Tax Service of 30.07.2010 No. 15/080278 @). If the amounts of the ...