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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
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   Legal News  15.06.2006

   Belarus National Bank simplifies conditions for opening representative offices
of foreign banks
   Decision of the Board of Directors of the National Bank of the Republic of
Belarus of May 26, 2006, No 83 brought in changes and amendments to the Instruction
on Order of State Registration and Licensing of the Activity of Banks and Non-Bank
Credit Financial Organizations.
   In particular, it is no longer necessary for foreign banks to make a deposit
of 100 base units (approximately 1440 USD) to open representative offices in
the territory of the Republic of Belarus.

   President has changed the procedure for establishing customs duty rates
   According to Edict of the President of the Republic of Belarus No 359 of May
31, 2006, customs duties on goods transferred through the border of the Republic
of Belarus are to be assigned by the Council of Ministers of the Republic of
Belarus. In some cases the Council of Ministers of the Republic of Belarus will
need permission of the President of Belarus. 
   Zero percent rates of customs duty can be established by the President of
the Republic of Belarus only.

   Imported wine components have been exempted from excise tax
   Edict of the President of the Republic of Belarus No 374 of June 2, 2006 brought
in amendments to the Edict of the President of the Republic of Belarus On excise
rates of the excisable goods.
   Wine components imported from abroad are excluded from the list of the goods
which are subject to excise tax.
   The Edict entered into force on January 1, 2006.

   Confiscation rules for vehicles used to smuggle goods are changed
   On July 2, 2006 the President of the Republic of Belarus signed Edict No 367
On administrative responsibility for concealing from customs control goods transferred
through the territory of the Republic of Belarus.
   According to the Edict, if a smuggler tries to conceal from customs control
bodies any goods transferred through the territory of the Republic of Belarus
in their vehicles, such vehicles will be confiscated if the cost of concealed
goods exceeds 40 base units (approximately 580 USD). 

   The Law of the Republic of Belarus On transport and expedition activity
enters into force in July, 2006
   On May 13, 2006 the President of the Republic of Belarus signed the Law On
transport and expedition activity aimed at improving the transport service of
legal entities and decreasing transport expenses and prime cost of production.
   The law establishes the regulations of transport and expedition activity,
its legal, organizational bases and principles for rendering of services. It
also determines the procedure of making the transport and expedition contracts.

   The President of the Republic of Belarus by the Edict of June 12, 2006, No
384 approved the Program of social and economic development of the Republic of
Belarus  in 2006-2010.

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