PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of February 1, 2021 No. 37

About change of the Presidential decree of the Republic of Belarus

For the purpose of development in the Republic of Belarus of clearing settlements I decide:

1. Bring in Item 1 of the Presidential decree of the Republic of Belarus of October 16, 2014 No. 493 "About development of clearing settlements" the following changes:

1.1. in subitem 1.1 part one:

replace figures "1000" with figures "500";

add part with words "if other is not provided by legal acts";

1.2. in part one of the subitem 1.4 of figure "1000" to replace with figures "500";

1.3. state subitem 1.5 in the following edition:

"1.5. till January 1, 2026 the income paid by bank to physical person in cash or natural form, electronic money, in the amount of, not exceeding 2 percent from transaction amount of the cashless payment of goods (work, service) made by this physical person when using bank payment card, system of remote bank servicing, and also during the using or repayment of electronic money is not recognized the taxation object the income tax from physical persons.

The amounts of the income which are not recognized by the taxation object the income tax from physical persons according to part one of this subitem and paid by banks to physical persons are included banks of non-operating expenses.".

2. Action of subitem 1.1 of Item 1 of this Decree does not extend on concluded to the introduction of this subitem owing to the transaction when carrying out by physical persons the calculations which are not connected with implementation of business activity by them for payment of goods (works, services) realized by legal entities and individual entrepreneurs.

3. This Decree becomes effective in the following procedure:

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