PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of February 3, 2020 No. 38

About change of the Presidential decree of the Republic of Belarus

For the purpose of further project implementation "Belarus: the ecological infrastructure project -" I decide the first stage:

1. Bring in the Presidential decree of the Republic of Belarus of June 8, 2015 No. 232 "About implementation of the investment project" the following changes:

add the Decree with Item 2-1 of the following content:

"2-1. The income of the organizations called in Item 1 of this Decree, received in payment type according to the bank guarantees issued in ensuring obligation fulfillment under agreements (contracts) signed for the purpose of implementation of the investment project is not included non-operating incomes for the purposes of the taxation and is not considered by them in case of calculation of part of profit (income) *.

At the same time the expenses of these organizations covered at the expense of the specified means are not considered in case of determination of taxable profit and calculation of part of profit (income) *.

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* No. 637 "About procedure for calculation in the budget of part of profit of the state unitary enterprises, the national associations which are the commercial organizations and also the income from the shares (share in authorized funds) of economic societies which are in republican and utility property and about formation of the state trust budget fund of national development" is estimated according to the Presidential decree of the Republic of Belarus of December 28, 2005.";

add Item 3 with subitem 3.3 of the following content:

"3.3. the income called in Item 2-1 of this Decree goes the relevant organizations for implementation of the investment project, and also for repayment of their expenses which arose because of non-execution by prime contractors, contract organizations of agreement obligations (contracts) signed for the purpose of implementation of the investment project.".

2. This Decree becomes effective after its official publication and extends the action to the relations which arose since June 1, 2019.

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