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Brief description of the most interesting legal acts which have been included
into the National Register of Legal Acts of the Republic of Belarus within the
last week. The section Belarus Legal News along with other sections of the NCLI's
site has been moved to the National Legal Internet Portal of the Republic of
Belarus.  Now you can find our legal news and other legal information at http://law.by/
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Legal news - 03.03.2006

Special customs duty on imported chicken meat was established by the Edict of
the President of the Republic of Belarus February 28, 2006, No 127. This concerns
fresh, cold and frozen chicken meat. For the next two years the customs due will
be 45% from its original customs value, but not less than 0.45 EUR for a kilo.

By the Decree of the President of the Republic of Belarus on February 21, 2006
No 3 all banks on the territory of the Republic of Belarus are transferred to
the common conditions of paying the income tax. It also changes the order of
using the preferences of the income taxation of insurance companies, received
from their service. From now on such preference can only be obtained by the insurance
company, which has more than 30% of the foreign investments on the date of January
1, 2005. This was made to provide equal rights for the companies with domestic
investments and partly foreign investments.

All the legal acts of the Republic of Belarus are now officially available through
the internet. Edict of the President of the Republic of Belarus on February 28,
2006, No 124 establishes that all the Belarusian legal acts must be published
on the National Legal Internet Portal of the Republic of Belarus (www.pravo.by)
The Edict gives the official status to electronic version of the documents. Such
acts will appear on the site simultaneously with its printed version.

The Republic of Belarus and the Republic of Macedonia signed an Agreement to
prevent double taxation and evasion from the income tax and property tax. The
Agreement came into force on January 26, 2006.

The new Regulations for training abroad have been introduced by the Decision
of the Council of Ministers of the Republic of Belarus of February 16, 2006,
No 216. Training abroad is possible only if Belarus and the foreign state have
a correspondent probation agreement or by Belarusian international programs and
projects. To obtain the permission of such training a specialist must present
the invitation, details of the host organization (including scientific, pedagogical
or creative mutual cooperation) and basis of probation. If the period of probation
is more than 10 days, the permission of the supervising state body is necessary.

Belarusian banks must attract 1 billion USD of foreign investments in 2006. This
was approved by the Decision of the Council of Ministers of February 16, 2006,
No 215 "On investment activity of the Republic of Belarus in 2006". The document
determines the exact sum of credits of foreign investors for 19 Belarusian banks.

The Republic of Belarus and Kingdom of Bahrain have signed the Agreement on air
communication as an addition to the Convention on International Civil Aviation
(Chicago, December 7, 1944). The document became operative from February 22,
2006.
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