Law No. 227 Of 4 December 1998

Original Language Title:  LEGE nr. 227 din 4 decembrie 1998

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Law No. 227 of 4 December 1998 on approval of the Government Ordinance. 54/1997 modifying and completing law No. 15/1994 concerning the depreciation of capital restrained in tangible and intangible fixed assets published in PARLIAMENT ISSUING the OFFICIAL GAZETTE nr. 473 9 December 1998 Parliament adopts this law.


The sole article approving Ordinance No. 54 of 28 august 1997 on the amendment and completion of the law nr. 15/1994 concerning the depreciation of capital restrained in tangible and intangible fixed assets, issued pursuant to art. and (b). the Act No.) 134/97 for empowering the Government to issue decrees and published in the Official Gazette of Romania, part I, no. 225 august 30, 1997, with the following amendments and supplements: 1. In article I, section 3, article 3, paragraph 2 (a)) shall read as follows: ") has an input greater than the limit laid down by the Government. This value may be updated annually, depending on the index of inflation; "
2. In article I, section 6, article 4 is completed with the letter d) with the following content: "d) investments in fixed assets, in order to improve the original technical parameters, by increasing the value of the asset."
3. In article I, section 7, article 5 shall read as follows: Art. 5.-are considered to be tangible, but are not subject to depreciation: fixed assets owned by the public, lakes, swamps, ponds, which are not the result of an investment, as well as forested land, including the ones. "
4. In article I, section 13, article 10 (b)) shall read as follows: "(b)) costs of purchase for fixed assets acquired for valuable consideration;"
5. In article I, section 14, article 10 (d)) shall read as follows: "(d) the current value), for fixed assets acquired free of charge, estimated to be enrolled in Active based on the report of experts and with the approval of the Board of Directors of the economic agent, the person responsible for the management of property in the case of non-profit legal persons, or to the authorising officer responsible budgeting in the case of public institutions; "
6. In article I, section 20, the introductory part of article 16 shall read as follows: Art. 16.-in cases justified by economic agents are exempt from the calculation of depreciation, with the opinion of the General Directorate of public finance and financial control by the State, for the following tangible: "7. At article I, section 20, article 16 (b)) shall read as follows:" b) fixed assets of economic agents in the preservation for a period exceeding 30 days; "
8. In article I, section 25, article 20 shall read as follows: Art. 20. approval of skills-use of linear depreciation or degresiva incumbent Board of Directors of the economic operator, namely management of heritage officer, in the case of non-profit legal persons specified in art. 1 (1). 3. Use of accelerated depreciation shall be approved by the General Directorate of public finance and financial control by the State, on a proposal from the Board of Directors of an entity or person responsible for the management of heritage. "
9. In article I, section 27, article 22, paragraph 2 shall read as follows: "public institutions are required to reveal to the General Ledger, accounts, fixed assets and amounts resulting from dismantling and taking out of service through them."
10. In article I, section 31, article 25 shall read as follows: Art. 25.-The withdrawal from service of the fixed assets that have not been completely written off, businesses as well as non-profit legal persons shall proceed in accordance with the provisions of art. 17 and 24 of this law. "
11. Article I, section 32 shall read as follows: "32. Articles 27 and 28 shall be repealed. "
12. In article I, section 35, article 30 paragraph 1 a) and b) will read as follows: "to those under (a)). c) and (d)), with fine from 3,000,000 lei to 10,000,000 lei;

b) the white and rosé wines. a), b) and e), with fine of 5,000,000 lei la 15,000,000 lei. "
  

13. In article I, paragraph 36, article 32 shall read as follows: Art. 32.-Downgrading and cracking some assets, other than fixed assets, the competence of the Board of Directors of the economic operators concerned to heritage management officer.
Downgrading and cracking some assets, other than fixed assets, belonging to public institutions, within the competence of the authorising officer responsible budgeting. "
14. Article II shall read as follows: Art. II.-within 60 days after the date of entry into force of this Ordinance, the Government will approve the amendment of the application methodology of law No. 15/1994, as amended and supplemented. "
15. Article III paragraph 1 shall read as follows: "the reconciliation of differences relating to the degree of depreciation accounting for non-use for 1997 will be done through the inclusion in operating expenses at the closing of the financial year in question."
This law was adopted by the Chamber of deputies at its meeting on 3 September 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the CHAMBER of DEPUTIES ION DIACONESCU this law was adopted by the Senate at its meeting on 3 November 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the SENATE, pp. ULM SADR — — — — — — — — — —