ORDER OF THE GOVERNMENT REPUBLIC OF MOLDOVA

of December 27, 2019 No. 704

About approval of the Regulations on accounting treatment and depreciations of fixed assets for the purpose of the taxation

Based on part (17) article 26-1 of the Tax Code No. 1163/1997 (repeated publication: The official monitor of the Republic of Moldova, special release of February 8, 2017), with subsequent changes, DECIDES: the Government

1. Approve Regulations on accounting treatment and depreciations of fixed assets for the purpose of the taxation it (is applied).

2. Declare invalid the Order of the Government No. 289/2007 about approval of the Regulations on accounting treatment and depreciations of fixed assets for the purpose of the taxation (The official monitor of the Republic of Moldova, 2007, Art. No. 39-42, 305), with subsequent changes.

3. This resolution becomes effective since January 1, 2020.

Approved by the Order of the Government of the Republic of Moldova of December 27, 2019 No. 704

Regulations on accounting treatment and depreciations of fixed assets for the purpose of the taxation

Chapter I General provisions

1. The purpose of this provision consists in the description of methodology of accounting and calculation of fixed asset depreciation for the purpose of the taxation, procedure for determination of deductible repair expenses of these means, and also calculation of tax result in case of disposal of fixed assets of the company.

2. Action of this provision extends on the legal entities and physical person having the right to deductions for tax purposes of expenses, connected with depreciation and repair of fixed assets.

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