of December 21, 1990 No. 476-XII
About income indexation of the population taking into account inflation
This Law regulates general procedure for income indexation of citizens of the Republic of Belarus, the foreign citizens and stateless persons having the income in monetary units of the Republic of Belarus in the territory of the Republic of Belarus in connection with the inflation caused by increase in prices for consumer goods and services in the territory of the Republic of Belarus.
Indexation represents adjustment of size of the income of physical persons in monetary units of the Republic of Belarus which does not have one-time nature from budget sources (benefit (except for unemployment benefits), grants, the salary on place of employment, cash allowance) for the purpose of partial compensation of the losses caused by inflation.
To the physical persons gaining cash incomes in the territory of the Republic of Belarus from other sources, compensation of losses from inflation can be performed at the expense of means of the organizations for the bases provided by collective agreements (agreements).
Indexation can be performed in the form of one-time review of the amount of compensation (the tariff charges (tariff salaries), salaries, official pay rates), benefits (except for unemployment benefits), grants, cash allowance.
The collected according to the legislation the salary, warranty and compensation payments are indexed at size of consumer price index irrespective of sources at the expense of legal entities and physical persons because of which there was need of implementation of the specified penalties.
The consumer price index is calculated National Statistical Committee and monthly (no later than the 20th day of the next month) is published in republican mass media, including the accruing result since the beginning of year and from the moment of the previous indexation.
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