Decree introduces export duty on potash fertilizers

Decree No. 530 as of 22 November has introduced an export duty on potash fertilizers from 1 January to 31 July 2012.

The document sets forth that the export duty will be levied on companies having an exclusive right to export mineral or chemical potash fertilizers outside the Participating states of the Eurasian Economic Community (except for the countries with which Belarus signed international agreements on free trade).

The duty base is “the amount of mineral or chemical potash fertilizers in physical terms exported from 1 January to 31 July 2012”. The duty rate is Br279,800 per 1 tonne of fertilizers. The amount of the duty to be paid is the duty base multiplied by the duty rate. The duty is paid to the national budget out of own funds of companies after computation of profit taxes, duties (dues) and contribution of the due part of the profit (revenues).

The duty shall be paid every month in equal amounts not later than the last working day starting from the month of the official publication of the decree. It applies to all export transactions that were carried out starting from 1 January 2012.