PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of July 11, 2012 No. 312

About some tax matters and collections of the rent for the parcels of land which are in state-owned property

For the purpose of enhancement of single questions of the taxation, and also collection of the rent for the parcels of land which are in state-owned property:

1. Determine that:

1.1. the income tax which is not paid in connection with release from the taxation the income tax provided in subitem 1.1 of Item 1 of article 140 of the Tax Code of the Republic of Belarus in the edition operating till January 1, 2012 is subject to entering into the budget with payment of the penalty fee added for the period from the date of official publication of this Decree and till day of the tax discharge on profit inclusive if within two years from the date of acquisition (construction, construction, creation) fixed asset objects or works finish date on reconstruction, upgrade of fixed asset objects and objects of construction in progress on which release, such fixed asset objects and objects of construction in progress fully or partially was applied:

are not put into operation;

are implemented;

are liquidated (except for the liquidation caused by force majeure (the fire, accident, natural disaster, the road accident);

are donated (except for voluntary conveyance within one owner according to its decision or the decision of the body authorized by him);

are transferred to free use;

are transferred according to the separation balance sheet to the legal entity formed in the course of reorganization of the legal entity applying release in the form of allocation or separation.

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