January 31, 2005

Decision of the Council of Ministers of the Republic of Belarus of January 20, 2005 No. 60 brings in changes into the appendix to the Decision of the Council of Ministers of the Republic of Belarus of December 12, 2003 No. 1623 On Some Questions of Activity of Markets. In particular, in accordance with the changes flour cannot be sold in markets (market places) in the Republic of Belarus. The decision enters into force on March 1, 2005.

Decision of the Council of Ministers of the Republic of Belarus of January 20, 2005 No. 55 brings in alterations and amendments to the Decision of the Council of Ministers of the Republic of Belarus of July 31, 2001 No. 1128 approving the Regulations on Procedure of Deducting, Reckoning or Return of the Extra Paid Sums of VAT Paid at Acquiring of Goods (Works, Services), Property Rights to Objects of Intellectual Property or at Import of the Goods to the Customs Territory of the Republic of Belarus over the Sum of VAT Calculated at Sale of the Goods (Works, Services) and Property Rights to Objects of Intellectual Property. In particular, the reckoning of sums of tax deductions over the sum of the tax calculated after the sale of the goods (works, services) and property rights to objects of intellectual property are held without taking any decision on holding the reckoning. The changes also amend the terms for the return, reckoning and so forth and concern the procedure of notifying the payer about the reckoning or return.

Decision of the Ministry of Taxes and Duties of December 31, 2004 No. 146 approves the Instructions on Procedure of Holding the Record of Taxes, Duties (Dues), Fines, Interests and Economic Sanctions by the Taxation Bodies. The Instructions establishes the procedure for conducting the record of the sums of taxes, duties, fines interests for the tax credit, for granting a postponement (delay) for paying of the tax debt, economic sanctions, etc. by the taxation bodies. The taxation bodies conduct record of the payments of all categories of persons subject to payment in accordance with legislation. The Decision enters into force on April 1, 2005.