ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of January 20, 2021 No. 8

About modification of the Regulations on write-off of the become useless values relating to fixed assets, approved by the Order of the Government No. 500/1998

The government DECIDES:

1. In the Regulations on procedure for write-off of the become useless values relating to fixed assets, approved by the Order of the Government No. 500/1998 (Official monitor of the Republic of Moldova, 1998, Art. No. 62-65, 607), with subsequent changes, to make the following changes:

1) in all text the word "depreciation" in any case shall be replaced with words "depreciation/depreciation" in the corresponding case, and the words "acts on write-off", to "the act on write-off", "acts on write-off" and "acts on write-off" to replace respectively with the words "protocols of write-off", to "the protocol of write-off", "protocols of write-off" and "protocols of write-off";

Item 1 to add 2) with the text:

", according to the determination specified in part (2) article 261 of the Tax Code No. 1163/1997, or with accounting policy of the state/municipal companies, public bodies / organizations on self-sufficiency and commercial societies with completely or mainly state capital which apply National accounting standards or International accounting standards, and also procedure for write-off of the values relating to fixed assets, including incomplete capital investments in assets of the budget bodies / organizations applying Methodological regulations of the organization of financial accounting and the financial reporting in budget system";

3) in item 4:

a) exclude the words "From Balance of the Companies";

b) the subitem d) to state in the following edition:

"d) become useless in connection with construction, expansion, reconstruction or modernization of the companies, including incomplete capital investments in assets, including non-material and material, including: incomplete buildings, incomplete special constructions, incomplete transfer installations, preparation of projects, other incomplete capital investments in tangible assets";

4) in Item 5:

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