Since November 1, 2021, a new regulation on the procedure for
the conservation of fixed assets shall have come into force. It is
going to replace the previously valid Resolution of the Council of
Ministers No. 683 of 22.05.2003.
In the new Resolution, the changes are both stylistic and
significant. For example, they combined two grounds for
conservation: non-use of property for more than three months and
the impossibility of re-orientation, leasing, alienation, or
holding other activities. The maximum period of conservation of
such funds, taking into account the extension, may be up to three
years.
Non-state legal entities should remember that within 10 calendar
days from the date of making a conservation decision, the extension
of the conservation period (including its extension more than
once), it is necessary to notify the local executive and
administrative bodies at the location of such property and the tax
authorities at the place of their registration and
