Belarus: Measures to attract FDI
Description
The Government Decree # 356 from 30 June 2009 introduces an FDI attraction policy. Thus, now foreign credential institutions will not pay an income tax on the interest rates received from loans to the Belorussian companies.
While the income tax reduction does benefit foreign firms making loans, this provision also introduces discrimination in the supply of finance (as lending to non-local firms does not appear to benefit from the tax exemption.)
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered:
Implemented: Yes
Date of inception: 30 Aug 2009
GTA Evaluation: Amber
Source:
The Government Decree # 356 from 30 June 2009 - http://businessacts.government.by/ru/rus_businesslib_70.html
Government Response:
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