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Belarus: Introduced tax of 30% on banks' BYR-related currency exchange operations

Description

With Presidential Decree Nr. 607 of 20 December 2014 was introduced until 1 February 2015 the obligation for banks to pay a tax at the amount of 30% on the Belarusian Roubles (BYR) orders they submit ...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

20 Dec 2014

Revocation date

19 Jan 2015

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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