of October 30, 2017 No. 802
About not depreciation on fixed assets and intangible assets in 2018 and the next years
According to article 11 of the Law of the Republic of Belarus of July 23, 2008 "About Council of Ministers of the Republic of Belarus" and for the purpose of creation of conditions for effective work of subjects of managing the Council of Ministers of the Republic of Belarus DECIDES:
1. Determine that the organizations, except for banks, "Development Bank of the Republic of Belarus" open joint stock company and the non-bank credit and financial organizations, and also individual entrepreneurs have the right to make the decision on not depreciation on the fixed assets and intangible assets used by them in business activity, except for the fixed assets used when rendering the housing-and-municipal and transport services to the population subsidized at the expense of budgetary funds (further - fixed assets and intangible assets):
from January 1 to December 31, 2018 - on all or separate fixed asset objects and intangible assets;
since January 1, 2019 - on the fixed asset objects and intangible assets provided by business plans of investment projects on creation or upgrade of productions. The realization of the called right is enabled till December 31 inclusive year of exit of these productions to design capacity or achievements of positive financial result (availability of net profit), but no more than three years from the date of commissioning of fixed asset objects and acceptance date to financial accounting of intangible assets.
At the same time normative service life and useful use of such fixed asset objects and intangible assets are prolonged for the term equal to the period in which the depreciation was not made.
2. The decisions specified in Item 1 of this resolution, accepted by the organizations which property is in state-owned property which share (share) in authorized funds belong to the Republic of Belarus and administrative and territorial units are subject to approval of the republican state bodies and other state organizations subordinated to the Government of the Republic of Belarus, other state bodies and the state organizations, including local executive and administrative organs.
The specified approval is performed in writing within five working days from the date of representation by these organizations of economic case of need of the not depreciation signed by their heads. In case of refusal in approval to the organizations the notification with the corresponding reasoned reasons for inexpediency of decision making on not depreciation goes.
If the decision on not depreciation entails non-execution by the called organizations of obligations for repayment of the loans (loans) attracted (attracted) within realization investment projects specified in paragraph three of part one of Item 1 of this resolution in approval refuses.
Prime Minister of the Republic of Belarus
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