February 2, 2004

Decision of the State Customs Committee on January 8, 2004 No. 2 On Conditions and Procedure for Prolongation of the Terms for Submitting a Customs Declaration in Relation to Imported Goods establishes that 15 days term for submitting the customs declaration on condition that an applicant turns to the customs body before expiration may be prolonged for the term not exceeding 45 days in following cases: if holding the certification of imported goods is needed; if reception of classification resolution issued by the customs body in relation to the imported goods is needed; if there is no money for payment of the customs duties and taxes at importing of equipment, devices and appliances, raw materials and components for production by manufactures; and in other exclusive cases under the decision of the State Customs Committee.

Decision of the Ministry of Finance of the Republic of Belarus of December 26, 2003 No. 183 brings in alterations and amendments to the Decision of the Ministry of December 12, 2001 No. 118 establishing the Regulations on Accounting of Fixed Assets. The Decision sets forth the Regulations in a new edition calling it the Instructions on Accounting of the Fixed Assets. The Instructions establishes the single procedure for forming in accounting the information about the fixed assets of organizations and individual entrepreneurs that have taken the decision on conducting the accounting.

Decision of the Ministry of Taxes and Duties of the Republic of Belarus of December 29, 2003 No. 123 brings in alterations and amendments to the Instruction on Peculiarities of Calculation and Payment of the Tax on Profit by Foreign Legal Persons Carrying Out Their Activity on the Territory of the Republic of Belarus Through Permanent Representation. The changes concern determination of foreign legal persons subject to taxation and objects of taxation, as well as methods of calculation of some types of profit.