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

Announcement

20 Dec 2014

In December 2014, the government of Belarus announced a rule change for commercial cross-border financial flows.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

20 Dec 2014

Revocation date:

19 Jan 2015

Updated: 20 Dec 2014

Controls on commercial transactions and investment instruments

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...

Related State Acts

29 Dec 2014

Belarus: Reduced tax rate from 30% to 20% on exchange rate operations by individuals

27 Dec 2014

Belarus: Reduced tax on banks' BYR-related currency exchange operations

19 Dec 2014

Belarus: Introduced temporary 30% fee on the purchase of foreign currency by legal and natural persons

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