PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of December 20, 2014 No. 607

About tax on operations on the stock exchange on acquisition of foreign currency

1. Determine that till February 1, 2015 acquisition of foreign currency at the biddings of Belarusian Currency and Stock Exchange open joint stock company is assessed with tax on operations on the stock exchange on acquisition of foreign currency (further - tax).

2. Determine that:

2.1. taxpayers the banks performing acquisition of foreign currency at the biddings of Belarusian Currency and Stock Exchange open joint stock company in the procedure established by the legislation are recognized (further - payers);

2.2. tax base of tax the cash amount in Belarusian rubles paid for the secured foreign currency is recognized;

2.3. the rate of tax is established in the amount of 30 percent from the cash amount in Belarusian rubles paid for the secured foreign currency;

2.4. tax amount:

it is compensated to payers by the organizations and individual entrepreneurs for benefit of whom acquisition of foreign currency at the biddings of Belarusian Currency and Stock Exchange open joint stock company is performed (further - the organizations and individual entrepreneurs);

does not join in the costs on production and sales of goods (works, services), property rights considered in case of the taxation and also in structure of non-operating expenses;

2.5. banks taking into account provisions of subitem 2.6 of this Item:

transfer foreign currency to the organizations and individual entrepreneurs on condition of compensation of the tax amount estimated according to subitems 2.2 and 2.3 of this Item, in full by them;

provide entering of tax amounts into the republican budget no later than the third working day following behind day of tendering;

exercise control of correctness of calculation of tax;

2.6. acquisition of foreign currency at the biddings of Belarusian Currency and Stock Exchange open joint stock company is exempted from tax:

for calculations for goods according to appendix;

at the expense of budgetary funds.

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