Tax tightening in relation to “unfriendly" states

On March 13, 2024, Resolution of the Council of Ministers of the Republic of Belarus dated 03.07.2024 No. 164 “On Taxation Issues” was officially published, which introduced special tax rules in relation to entities from “unfriendly” states.

The moratorium on linking rent to currency has been extended

On January 10, 2024, Law No. 347-Z of January 5, 2024 was published, which extended the moratorium on linking rent to the equivalent of a certain amount in foreign currency until January 1, 2025.

Important: Additionally, there is a ban on setting rent in conventional (account) monetary units (“special drawing rights”, etc.).

Borovtsov & Salei has many years of experience in advising on rental relations, including the expertise of rent agreements. We will be glad to be of service to you.

Minsk Watch Plant JSC “Luch” – 70

Everyone has his own perception of time. But to be involved in its calculation is a special privilege.

Having become a legal advisor to Group Franck Muller Watchland S.A. on entering the Belarusian market and acquiring a controlling stake in the Minsk Watch Plant in 2009, the Borovtsov & Salei team, together with Luch, is keeping up with the times.

Thank you LUCH for your trust! Happy anniversary LUCH!