ANNOUNCEMENT 27 May 2013In May 2013, the government of Belarus announced a targeted tax change.
NUMBER OF INTERVENTIONS
Decree of the President No.234 of May 27, 2013,
With the Decree of the President Nr. 234 of May 27, 2013, 'Grodnopromstroy' has been appointed as a General Contractor for the implementation of an investment project "Reconstruction of the operating air terminal complex of the National Airport Minskand construction of modern international passenger transit terminal" in 2013-2014.
The company has also been exempted from import duties and VAT on imported equipment, components and spare parts, raw products and materials needed for the project. Since the equipment imported for use in this project may last beyond the completion of this project and remain the property of Grodnopromstroy, this apparently specific tariff benefit could in fact have adverse consequences for the domestic and foreign firms that compete against Grodnopromstroy for other (private as well as public sector) contracts.