We are pleased to present you the quarterly Newsletter, traditionally prepared by Borovtsov & Salei team, in which we pointed out the most significant, in our opinion, legislative changes for business in Belarus for the period of January - March 2024.
Newsletter 2024 (Q 1) can be found here Newsletter 2024 (Q 1) from Borovtsov & Salei.
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.
We are pleased to present you the quarterly Newsletter, traditionally prepared by Borovtsov & Salei team, in which we pointed out the most significant, in our opinion, legislative changes for business in Belarus for the period of July - September 2023.
Newsletter 2023 (Q 3) can be found here: Newsletter 2023 (Q3) from Borovtsov & Salei.
Edict of the President No. 285 of September 13, 2023 "On Special Accounts" regulates the procedure for receipt of distributed profits (dividends) by foreign participants when applying special restrictive measures. Restrictions on the use of funds in special accounts have been introduced.
Effective date – September 16, 2023.
Important: Edict No. 285 determines the procedure for the functioning of special accounts opened in case of application of a special restrictive measure. Such a special restrictive measure is introduced by a decision of the Council of Ministers of Belarus in the form of Resolution.
Read more about it in our publication.
On October 01, 2023 the new edition of the Instruction on registration of currency contracts by residents will come into force
Read more about it in our publication.
Attention: Entry into force of this normative document requires examination of previously concluded currency agreements as well.
Borovtsov & Salei has many years of experience in this area and ready to provide the necessary assistance and advice.