Presidential Decree № 4 dated July 16th 2019 “On the change of taxation”
President amended Regulation on High Tech Park (HTP), approved by the Decree of the President of Republic of Belarus № 12 dated 22.09.2005. Amendments came into force on July 19th 2019, however are applicable from January 1st 2019.
President signed changes to the Labor code of the Republic of Belarus on the July 23rd 2019
Among the most interesting changes we point out is the chapter on remote work. Legalization of the term “remote work” gives an opportunity to distinguish it from the homeworkers.
Act provides some regulation on performance of currency operations with the use of electronic information systems (payment platform) of non-residents were regulated.
The Central Bank keeps the refinancing rate at 16% per annum
By decision from 20 July 2019, the Board of the Central Bank kept the refinancing rate unchanged at 16% per annum.