RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of April 19, 2024 No. 299

About application of special restrictive measure

Based on the paragraph of the seventh Item 2 of Article 6, of part one of Item 1 of article 8 of the Law of the Republic of Belarus of July 12, 2023 No. 280-Z "About application of special rationing measures" and for the purpose of ensuring protection of national interests of the Republic of Belarus in connection with introduction of restrictions with the foreign states making unfriendly actions concerning the Republic of Belarus, her citizens and (or) the organizations, the Council of Ministers of the Republic of Belarus DECIDES:

1. Set restriction for payment distributed (added) profits and (or) dividends (further if other is not determined, – profit and (or) dividends) to the foreign participants, owners of property of legal entities of the Republic of Belarus (further, if is not determined other, – residents) who are persons from the foreign states making unfriendly actions concerning the Republic of Belarus, her citizens and (or) the organizations according to appendix 1 * (further if other is not determined, – foreign participants, owners of property).

The restriction set in part one of this Item does not extend to payment of profit and (or) dividends to foreign participants, owners of property by the resident who got permission regional (The Minsk city) of executive committee to payment distributed (added) profits and (or) dividends to the foreign participant, the owner of property ** (further if other is not determined, – permission).

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* The foreign persons specified in constituent documents of residents, shareholder registers having nationality, citizenship of these states, foreign persons whose place of registration are these states.

** The copy of the application about receipt of permission to payment distributed (added) profits and (or) dividends to the foreign participant, the owner of property, containing mark about the decision regional (The Minsk city) executive committee about permission of payment of profit and (or) dividends to the foreign participant, the owner of property of resident.

2. For payment of profit and (or) dividends in the amount estimated after deduction from them of taxes and which is not exceeding within calendar year in total on all foreign participants, owners of property of resident of 20 thousand basic sizes or the equivalent of this foreign currency amount on the official rate of National Bank established on the first in which payment is carried out permission is issued on condition of compliance of resident in total to the following criteria:

payroll number of workers of resident in the accounting period * makes the current year at least 70 percent to the level of the same period of last year;

absence for date of filing of application about receipt of permission to payment distributed (added) profits and (or) dividends to the foreign participant, the owner of property or on the last reporting date, date of forming of the credit report of debt:

delayed ** – on the credits issued by banks of the Republic of Belarus, "Development Bank of the Republic of Belarus" open joint stock company and interest for using by them;

on tax payment, charges (duties), penalty fee and other obligatory payments in the budget, payments in the budget of state non-budgetary fund of social protection of the population of the Republic of Belarus, and also to budget advances, loans granted from the republican budget, the performed guarantees of the Government of the Republic of Belarus, budget advances, loans granted from local budgets, the performed guarantees of local executive and administrative organs;

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