RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of April 21, 2023 No. 278

About provision of the tax credit

Based on the paragraph of the nineteenth subitem 2.10 of Item 2 of the Presidential decree of the Republic of Belarus of March 14, 2022 "About additional measures for ensuring stable functioning of economy" the Council of Ministers of the Republic of Belarus DECIDES: No. 93

1. Provide from April 22, 2023 to March 31, 2026 to Gomel Wine-making Plant open joint stock company (further - JSC Gomel Wine-making Plant) the tax credit in the amount of subjects payment in the republican budget from April 22 to September 22, 2023 of the value added tax and excises with its repayment from October 1, 2023 to March 31, 2026 (further - the tax credit).

2. Repayment of the tax credit is made by monthly equal shares no later than the last working day of month.

3. Percent in the amount of 1/2 interest rates, equal 1/360 refunding rates of National Bank operating on the date of payment (collection) of payment in repayment of tax amounts on value added and excises on which the tax credit, for each day of the period of use of the tax credit is granted are paid for use of the tax credit.

Interest for using the tax credit are paid along with payment of payment to repayment of tax amounts on value added and excises on which the tax credit is granted.

Calculation of interest for using the tax credit is made from payment amount, paid (collected) to repayment of tax amounts on value added and excises on which the tax credit, and also proceeding from the number of days in the period for which such payment is made is granted.

4. The money released in connection with provision of the tax credit goes JSC Gomel Wine-making Plant for financing of investing activities and replenishment of current assets for purchase of fruit and berry raw materials.

5. The tax credit affects on condition of timely payment of JSC Gomel Wine-making Plant during the period of provision of the tax credit of the current payments on taxes, charges (duties) and other obligatory payments in republican and local budgets, payments in repayment of tax amounts value added and excises on which the tax credit, interest for using the tax credit is granted.

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