IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 29 Dec 2014 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

According to an official press release of 29 December 2014 of theNational Bank of Belarus, as of 30 December 2014 the temporary tax rate on foreign exchange purchases by "physical and judicial persons" has been decreased from 30% to 20%.
On 19 December 2014 the National Bank of Belarus had introduced a temporary fee at the amount of 30% on the purchase of foreign currency by legal and natural persons (see related measure). The stated reason is the increased demand for foreign currency on the domestic currency exchange market.
 
 

AFFECTED COUNTRIES

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