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.

Seminar for the Association of International Pharmaceutical Manufacturers

Seminar from Borovtsov & Salei for the Association of International Pharmaceutical Manufacturers.

On February 7, 2024, partner Lada Maisenya held a seminar on the topic “Topical issues of the use of company cars by employees.”

The issues of assigning company cars to employees, access to driving a company car, the rights and obligations of the employer, including with regard to ensuring the protection of personal data, the duties and responsibilities of employees were discussed.

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.

Changes to the Civil Code: relevant already yesterday

On November 18, 2023, the Law of the Republic of Belarus of November 13, 2023 No. 312-Z “On Amendments to Codes” was officially published, introducing numerous changes and additions to the Civil Code of the Republic of Belarus and accompanying changes to the Labor Code, Banking Code, Housing Code.

As a general rule, innovations in codes will come into force one year after the official publication of the Law, that is, November 19, 2024.

Exception: certain provisions regarding the legal regulation of rental relations and free use, which came into force on November 19, 2023. Read more about this in our publication.