PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of December 20, 2022 No. 430

About write-off of exchange differences

For the purpose of ensuring stable work of the commercial organizations:

1. Determine that the commercial organizations (except for banks, JSC Development Bank Republic of Belarus, the non-bank credit and financial organizations) the amounts of differences which are formed from January 1, 2020 to December 31, 2025 in case of recalculation of the asset cost expressed in foreign currency and obligations in official monetary unit of the Republic of Belarus having the right to carry on the income (expenses) of future periods and to write off on the income (expenses) on financial activities no later than December 31, 2025 in the following procedure:

to write off the amounts of differences which are registered the last calendar day of month under report as a part of deferred expenses and the amounts of differences which are registered the last calendar day of month under report as a part of deferred revenues in the amount of the smallest of these amounts respectively on expenses on financial activities of month under report and on the income on financial activities of month under report;

to write off the amounts of differences which remained for the last calendar day of month under report as a part of deferred expenses after the write-off made according to the paragraph the second this Item on expenses on financial activities of month under report in the amount of, established by the head of the organization, but at least 1/36 of the remained amount;

to write off the amounts of differences which remained for the last calendar day of month under report as a part of deferred revenues after the write-off made according to the paragraph the second this Item on the income on financial activities of month under report in the amount of, established by the head of the organization, but at least 1/36 of the remained amount.

2. Recognize to invalid:

The presidential decree of the Republic of Belarus of May 12, 2020 No. 159 "About recalculation of asset cost and obligations";

The presidential decree of the Republic of Belarus of February 18, 2021 No. 51 "About change of the Presidential decree of the Republic of Belarus";

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