PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of December 19, 2014 No. 599

About write-off of exchange differences

For the purpose of ensuring stable work of the organizations:

1. Determine that:

1.1. the organizations (except for banks, the non-bank credit and financial organizations, state-financed organizations) having the right in 2014:

to write off the amounts of exchange differences which are registered for December 31, 2014 as a part of deferred expenses on deferred revenues within the amounts of the exchange differences which are registered for December 31, 2014 as a part of deferred revenues;

the amounts of exchange differences which remained as a part of deferred expenses after the write-off which is carried out according to the procedure, established in the paragraph the second this subitem to write off at the expense of the added capital (fund of revaluation) within the amounts which are registered for December 31, 2014 as a part of the added capital (fund of revaluation) and formed as a result of earlier carried out revaluations of fixed assets, profitable investments in tangible assets of objects of construction in progress, the equipment to installation;

the amounts of exchange differences which remained as a part of deferred expenses after the write-off which is carried out according to the procedure, established in paragraphs second and third this subitem to write off for the retained earnings account (uncovered loss);

1.2. the amounts of exchange differences which are written off according to the procedure, established in subitem 1.1 of this Item, are not included the non-operating expenses considered in case of the taxation;

1.3. the organizations (except for banks, the non-bank credit and financial organizations, state-financed organizations) do not make recalculation in official monetary unit of the Republic of Belarus expressed in foreign currency:

letters of credit - for date of making of economic activity in foreign currency, and also on reporting date;

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