March 15, 2004

Decision of the Council of Ministers of the Republic of Belarus of March 4, 2004 No. 228 brings in alterations and amendments to the Decisions of the Council of Ministers of the Republic of Belarus of October 17, 2003 No. 1349 and of October 17, 2003 No. 1350. Regulations on Licensing of the Activity Connected with the Turnover (except for retail trade) of Alcohol, Inedible Alcohol Containing Products, Ethyl Alcohol and Tobacco Goods approved by the Decision No. 1349 have been amended with the paragraphs concerning special requirements and conditions for licensed activity and additional documents that shall be submitted by the applicant in order to receive the license. As well as Regulations on Licensing of Retail Trade (Including Alcohol Drinks and Tobacco Goods) have been amended in particular with the paragraphs concerning special requirements and conditions at carrying out the licensed activity and requirements to place a copy of the license and other documents in the trade object (shop, etc) for public information.

Decision of the Council of Ministers of the Republic of Belarus of March 5, 2004 No. 241 brings in amendments to the Decision of the Council of Ministers of February 5, 2003 No. 140 establishing temporal rates of import customs duty at the amount of zero (0) percent for technological equipments imported to the customs territory of the Republic of Belarus. The appendix to the Decision has been amended by adding some goods (turbines, engines) into the list of goods for which the customs duty at 0 percent is applied.

Decision of the Ministry of Taxes and Duties of January 31, 2004 No. 19 approves the Instructions of Order of Calculation and Payment to the Budget of the Taxes on Incomes and Profit and establishes that the payers of the tax on incomes and profit not later than April 14, 2004 submit to the inspections of the Ministry of Taxes and Duties of the Republic of Belarus their detailed tax declarations (calculations) on profit tax for January February 2004 and, if necessary, make additional payment of the tax not later than April 16, 2004.

Decision of the State Customs Committee of the Republic of Belarus of February 27, 2004 No. 17 brings in amendments, in particular, to the Regulations on Procedure and Conditions for Declaring the Customs Cost of Goods Imported to the Territory of the Republic of Belarus approved by the decision of the State Customs Committee of December 20, 2000 No. 79. The amendments concern the customs registration of goods acquired in Russian Federation at retail trade and imported to the customs territory of the Republic of Belarus.

Decision of the Ministry of Taxes and Duties of the Republic of Belarus of March 4, 2004 No. 36 sets forth the Regulations on Application of Economic Sanctions in a new edition. The Regulations are elaborated on the basis of the Edict of the President of the Republic of Belarus of November 15, 1999 No. 673 On Some Measures to Improve Coordination of Activity of Control Bodies of the Republic of Belarus and Procedure for Application of Economic Sanctions by Them.