In Belarus, residents of EEU member states will have to pay VAT on services rendered in electronic form
On May 5, 2023 Belarus ratified the Protocol amending the EEU Treaty on the procedure for levying indirect taxes when rendering services in electronic form. The Protocol extends the EEU Treaty with provisions on the taxation of entities when rendering services in electronic form and approves the procedure for levying value-added tax when rendering services in electronic form (hereinafter - VAT levying procedure).
Belarus has adopted new rules for leasing and lending state property
On May 16, 2023, the President of Belarus issued Edict No. 138 "On leasing and lending of state property". State property is rented out based on a lease agreement.
Information for entities involved in retail sales of non-tobacco nicotine products and e-smoking system liquids
From July 1, 2023, legal entities and individual entrepreneurs must obtain a license for retail sales of nicotine products and e-smoking system liquids. This requirement applies to both existing and newly established companies.
24.05.2023
From May 16th to 18th, the city of Samarkand hosted the annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), attracting representatives from various countries. The main objective of the event was to engage in discussions on critical matters related to economic development and investments.
Raw materials for the pharmaceutical products can be freely transported from the EU across the Belarusian border
On February 17, 2023, the Government of Belarus adopted amendments to the regulation of the crossing of the state border of Belarus by lorries
Supplementary regulation for a license granting: determination of documentation for licensing
The new Law on Licensing acts since January 1, 2023, which caused the need to adopt a Government resolution regulating the procedural issues of licensing. It defines the documents required to obtain a license, the requirements for the documents depending on the type of licensed activity, and the confirmation of granting the license.
Working with the new refinancing rate
On March 1, 2023, the refinancing rate of the National Bank of the Republic of Belarus was lowered to 11% per annum (previously it was 11.5%). According to the National Bank, the rate will drop to 10.5% per annum from April 3rd (
27.03.2023
The Government of Belarus has adopted a resolution that allows representatives of state organisations and organisations with a state share of at least 50% responsible for organisational, administrative, and economic activities to participate in the Board of Directors (Supervisory Board) of Belarusian companies
17.03.2023
The “Foreign Economic Activity” practice experts of GRATA International, Belarus gave recommendations on contractual work during the webinar held on February 24, 2023. The speakers highlighted the foreign exchange contracts registration aspects on the Belarusian National Bank portal.
17.03.2023
Managing Partner Dmitry Viltovsky and Junior associate Violetta Liudchyk were the speakers of the webinar “Shareholder’s withdraw and share sale”