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Alert on main changes and amendments to the legislation of the Republic of Belarus
GRATA International law firm provides you with a brief alert on main changes and amendments to the legislation of the Republic of Belarus.
Land Law of the Republic of Belarus
Land relations can be a crucial issue for foreign investors considering whether or not to start a business in a particular country. Let us provide you with a summary of land legislation of Belarus and the opportunities it offers for business.
Tax on Google. Now in Belarus
On 1 January 2018 Belarus addopted the so-called "tax on Google". This unofficial term in our country is used for VAT in cases when services are rendered by a foreign organization in electronic form and the country of rendering such services is Belarus. For example, it includes provision of rights to software, advertising services on the Internet, provision of domain names, hosting services and some other types of services.
The refinancing rate reduced to 10.5%
On 14 February 2018 the refinancing rate of the National Bank was reduced from 11% and now stands at 10.5%.
Customs Code of the Eurasian Economic Union
As of today, the Treaty on the Customs Code of the Eurasian Economic Union (hereinafter – the ‘EAEU Customs Code’) is in process of signing. It is expected that the document will come into force not earlier than 29 December 2017.