PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of September 18, 2019 No. 345

About the family capital

For the purpose of development of long-term state support of large families, stimulation of birth rate and strengthening of institute of family:

1. Determine that:

1.1. since January 1, 2020 third or the subsequent children one-time state support in form of non-cash (further – the family capital) in the amount of 22 500 rubles is provided to families in case of the birth (adoption, adoption) in 2020-2024.

Since January 1, 2021 for the purpose of preserving purchasing power the size of the family capital established in part one of this subitem is subject to annual indexation by the accruing result at size of the consumer price index calculated by National Statistical Committee. At the same time the consumer price index for previous year in relation to the year preceding it is applied.

In case of indexation of the family capital its size is determined in the whole units with rounding of the last significant figure to zero or 5 towards increase (figures after comma are not considered).

The new size of the family capital is effective within calendar year (from January 1 to December 31) and is posted by the Ministry of Labour and Social Protection on the official site no later than January 31 of the current year;

1.2. provision of the family capital is made in the amount of, acting on birth date, in case of adoption (adoption) - for date of adoption (adoption) of third or the subsequent children;

1.3. the right to provision of the family capital can be exercised by family once.

Families to which the family capital is provided according to the Presidential decree of the Republic of Belarus of December 9, 2014 to No. 572 "About additional measures of the state support of the families raising children" of the right to provision of the family capital according to this Decree have no;

1.4. means of the family capital, including percent added by open joint stock company "Belarusbank savings bank (further - JSC ASB Belarusbank) for the period investments of funds of the family capital in bank deposits (deposits) "Family capital" of physical persons (further - contribution (deposit) "Family capital"), are not subject to inheritance and are exempted from the income tax from physical persons, on them collection cannot be turned;

1.5. financing of expenses on payment of the family capital is made:

within the sum determined according to subitem 1.1 of this Item - at the expense of means of the republican budget;

in the amount of the percent added for the period investments of funds of the family capital in deposits (deposits) "Family capital" - at the expense of means of JSC ASB Belarusbank.

2. Approve Regulations on provision of the family capital in case of the birth (adoption, adoption) in 2020-2024 third or the subsequent children it (is applied).

3. Make changes to the Presidential decree of the Republic of Belarus of December 9, 2014 No. 572 "About additional measures of the state support of the families raising children" (appendix).

4. To Council of Ministers of the Republic of Belarus in three-months time to take measures for implementation of this Decree.

5. The contracts of contribution (deposit) "Family capital" signed before entry into force of this Decree are not subject to reduction in compliance with requirements of this Decree and are performed according to the Presidential decree of the Republic of Belarus of December 9, 2014 No. 572.

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