of October 20, 2006 No. 622
About questions of revaluation of fixed assets, profitable investments in tangible assets, objects of construction in progress and the equipment to installation
For the purpose of the determination of single approaches to recovery of property value used by the organizations in economic activity and also individual entrepreneurs in business activity:
1.1. if other is not established by the President of the Republic of Belarus, revaluation (change in value) of the fixed assets, profitable investments in tangible assets, the equipment to installation (further, unless otherwise specified, – property) which are registered in financial accounting (in the book of accounting of the income and expenses of the organizations applying simplified taxation system), is performed according to the procedure, determined by Council of Ministers of the Republic of Belarus taking into account requirements of this Decree:
1.1.1. concerning buildings, constructions and transfer devices:
in case of achievement of indicator of the rate of inflation in November of the current calendar year (further - accounting year) for the period preceding it from date of the last revaluation performed without fail according to requirements of the legislation calculated and published by National Statistical Committee 100 and more percent - all organizations;
in case of not approach of the case specified in the paragraph the second this subitem - according to the decision of the organization or the owner of its property;
1.1.2. concerning the property which is not specified in subitem 1.1.1 of this Item - according to the decision of the organization or the owner of its property;
1.2. revaluation of property is made for January 1 of the year following for reporting, for the period, passed from the date of the previous revaluation till December 31 of accounting year with reflection of its results according to the legislation in financial accounting (the book of accounting of the income and expenses of the organizations applying simplified taxation system) by the organizations (except National Bank, banks and the non-bank credit and financial organizations) on December 31 accounting year. The National Bank, banks, the non-bank credit and financial organizations reflect results of revaluation in financial accounting no later than the last working day of March of the year following for reporting in the reporting – for accounting year;
1.3. in case of revaluation of property of the organization apply the following methods:
direct assessment – recalculation of cost of objects of property in the prices for January 1 of the year following for reporting, on the new objects similar evaluated, with use of the documents and materials prepared by the organization which is independently performing revaluation or the subject who is engaged in estimative activities;
recalculation of currency cost – recalculation of cost of objects of property in foreign currency on the official rate of National Bank established for December 31 of accounting year;
index – recalculation of cost of objects of property with use of coefficients of change of their original and (or) residual cost for January 1 of the year following for reporting, the objects differentiated on the periods of acceptance on financial accounting, reflections of objects in the book of accounting of the income and expenses of the organizations applying simplified taxation system;
1.4. it is excluded
1.5. revaluation is not made:
the property located in the territory which underwent to radioactive pollution as a result of catastrophic crash on the Chernobyl NPP;
parcels of land, objects of environmental management; housing and library stocks; filmofond, historical and cultural values, scenic and production means and equipment; objects of leasing; residential part of apartment apartment houses;
property of the consumer cooperatives performing construction and (or) operation of parking of vehicles, the garages belonging to citizens; housing cooperatives and other organizations of builders, partnerships of owners; country, gardening partnerships (cooperatives);
property on which the decision on disposal, from acceptance date of the relevant decision according to the legislation before date of the actual disposal or cancellation of this decision is made;
objects of construction in progress, except for the equipment in place and the equipment which is not requiring mounting as a part of the objects of construction in progress revaluated according to subitem 1.1.2 of this Item;
1.6. in case of reflection by the organization in accounting records of results of revaluation the amount of value addition of this Item of property revaluated according to subitems 1.1-1.3 cannot belong on covering of losses from its economic activity;
1.7. individual entrepreneurs have the right to make revaluation of the property belonging to them and used in business activity according to this Decree and to independently choose methods of its carrying out.
2. To Council of Ministers of the Republic of Belarus to determine procedure for revaluation of fixed assets, profitable investments in tangible assets and the equipment to installation according to this Decree.
3.1. in three-months time to provide reduction of the legislation in compliance with this Decree and to take other measures for its realization;
3.2. explain questions of application of this Decree.
4. To impose control over the implementation of this Decree on Council of Ministers of the Republic of Belarus, National Bank, regional executive committees and the Minsk Gorispolkom.
President of the Republic of Belarus
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