RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of January 19, 2024 No. 46

About the tax credit

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

1. Provide to Belgorkhimprom open joint stock company (further - JSC Belgorkhimprom) the tax credit from January 22 to December 31, 2024 in the amount of tax amount on value added on turnovers on sales of goods (works, services), property rights in the territory of the Republic of Belarus (further - the value added tax) which is subject to budget contribution on payment due date on January 22, 2024 (further - the tax credit).

2. Repayment of the tax credit is performed from February 1 to December 31, 2024 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 amount on value added on which the tax credit, for each day of the period of use is granted to them are paid for use of the tax credit.

Interest for using tax credit:

are paid along with payment of the payment which is subject to entering into repayment of tax amount on value added on which the tax credit is granted;

are charged on payment amount in repayment of tax amount on value added on which the tax credit, proceeding from the number of days in the period of use is granted to them, since start date of use of the tax credit on the last number of the period for which such payment is made.

4. The tax credit is effective on condition of timely payment during the period of its provision of JSC Belgorkhimprom of the current payments on taxes, charges (duties) and other obligatory payments in republican and local budgets, control of correctness of calculation by which timeliness and completeness of payment it is assigned to tax authorities, and also payments in repayment of tax amount on value added on which the tax credit, interest for using is granted to them.

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