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Amendments in the Republic of Belarus legislation

Transfer price formation

The tax bodies have the right to control accordance of the tax base determined and reflected by the payer in tax declaration (calculation) based on the used

Affiliated companies

Interdependent entities are regarded to be the individual ones and (or) organization, the relationship between which has direct influence on conditions or economic results

Capitalization

Clause 131-1. Characteristics of interest charge on bonds and certain types of expenses (costs) to expenses (costs) that are taken into consideration during taxation process

Costs during taxation process

Based on law project "About amendments to the Tax Code of the Republic of Belarus" in 2016 are provided amendments in 131 clause "Expenses that are not provided

The procedure for VAT base determining and tax deductions in accordance with VAT

For simplifying of VAT calculation, since 01.01.2015 excluded defining characteristic of the tax

Inventory accounting

We draw VEDAudit " Ltd. clients, that according to the Council of Ministers act ruling on 16.03.2015 №195 introduced significant amendments to the Truck freight activity regulations.

Return of goods by the client

7 of clause 127 of the Tax Code of Belarus is specified as a new version in order to secure the regulatory order of proceeds amendments

Amendments project to Decree N 103

Currently The Decree by the President of the Republic of Belarus "On Amendments to the Presidential Decree of the Republic of Belarus on 27.02.2015 N 103 is about to be conformed.

Dividend payout

We draw your attention that since 2015 provided the restoration of submission by tax agents tax declaration (calculation) on the basis of tax income amounts from dividends charged by the Belarusian organizations, not later than the 20th day of the month following the month when the dividends were charged.

Electronic invoice

According to the law project "On Amendments to the Tax Code of the Republic of Belarus" in 2016 is provided introduction for VAT payers for electronic invoices. Extract from the law project is attached.

Our contacts

Contacts

pr. Pobediteley, 89/3, office 401 220020 Minsk, Republic of Belarus Tel .: +375 17 396 42 44 Fax: +375 17 396 33 39
INFO@VEDAUDIT.BY

Managing Partner in CIS
Alexey Filonov

Audit services
Alexander Khimchenko

Taxation and legal services
Lydia Tsybina

Accounting services
Zoya Prokhorchik

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Management Accounting

Management Accounting

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pr. Pobediteley, 89/3, office 401 220020 Minsk, Republic of Belarus Tel .: +375 17 396 42 44 Fax: +375 17 396 33 39
VEDAudit@bk.ru

Managing Partner in CIS
Alexey Filonov

Audit services
Alexander Khimchenko

Taxation and legal services
Lydia Tsybina

Accounting services
Zoya Prokhorchik