/ News
11.11.2019

Tax legislation concerning taxation of certain incomes modified

Edict of the President of the Republic of Belarus of 31 October 2019 No. 411 introduced changes and additions in the legislation regulating taxation of certain kinds of incomes, the National Legal Internet Portal of the Republic of Belarus informs.

In particular the Edict provides modifications in the order of taxation of incomes in the form of compensations for expenses incurred by employees during business trips, incomes in the form of dividends paid to founder of unitary enterprises. The Edict also abolished the requirement for bonds of Belarusian organizations issued from 1 April 2008 to 1 January 2015 and from 1 July 2015 and placed with investors being foreign organizations to pass the procedure of listing or admission to circulation on the stock exchange.

The Edict was officially published in Russian on the National Legal Internet Portal of the Republic of Belarus on 6 November 2019, and its main provisions enter into force after its official publication and from 1 January 2020.