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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of June 24, 2008 No. 350

About investment attraction in agricultural production

(as amended on 21-12-2015)

For the purpose of creation of conditions for development of agricultural industry of the republic and investment attraction:

1. Determine that:

1.1. it are provided to the legal entities who acquired (acquiring) from January 1, 2006 to December 31, 2010 in accordance with the established procedure by reorganization, purchase, voluntary conveyance of the companies as property complexes of agricultural organizations of the right and obligation of these organizations (further - legal entities):

1.1.1. for two years deferred settlement of debt of agricultural organizations which rights and obligations are acquired by legal entities as a result of reorganization, purchase, voluntary conveyance of the companies as property complexes of agricultural organizations (further - agricultural organizations), on payment of the amounts of the applied economic sanctions, the imposed administrative punishments in the form of penalties and penalty fee for violation of terms and procedure for entering of payments into Social Security Fund of the population of the Ministry of Labour and Social Protection (further - Fund);

1.1.2. the payment by installments of debt repayment of agricultural organizations on obligatory payments in Fund with its payment within two years monthly equal shares operating on condition of complete payment during this period of the current payments in Fund for the activities connected with production of agricultural products.

In case of absence, according to accounting of bodies of Fund, debt of legal entities on payment of the current payments in Fund within two years from the date of provision of delay and (or) payment by installments specified in part two of subitem 1.2 of this Item and complete repayment of the debt on obligatory payments spread according to part one of this subitem in Fund the debt called in subitem 1.1.1 of this Item is written off by the decision of Fund;

1.1.3. for five years deferred settlement registered, according to accounting of tax authorities, debt of agricultural organizations on tax payment, charges and other obligatory payments in the republican budget, including the state trust budget funds.

Upon termination of action of the delay granted according to part one of this subitem debt repayment payment by installments with its payment within five years by monthly equal shares is provided.

The delay and (or) payment by installments of debt repayment provided in parts one and the second this subitem are effective on condition of payment during this period of taxes, charges and other obligatory payments in republican and local budgets, including the state trust budget funds, on the activities connected with production of agricultural products (further - the current payments in the budget);

1.1.4. for ten years deferred settlement of debt of agricultural organizations on payment of the amounts of the economic sanctions applied by tax authorities, the imposed administrative punishments in the form of penalties and penalty fee.

In case of absence, according to accounting of tax authorities, debt of legal entities on payment of the current payments in the budget within seven years and six months from the date of provision of delay specified in part two of subitem 1.2 of this Item on government proposal of the Republic of Belarus and according to the decision of the President of the Republic of Belarus half of debt on payment of the amounts of the economic sanctions applied by tax authorities, the imposed administrative punishments in the form of penalties and penalty fee, and in the absence of such debt within ten years from the designated date - the remained amount of this debt is written off;

1.2. the delay and (or) payment by installments provided in subitems

1.1.1 - 1.1.4 this Item, it are provided to legal entities concerning the debt of agricultural organizations formed for date of state registration of the created legal entities and (or) for date of state registration of purchase (voluntary conveyance) of the company as property complex of agricultural organization, and by reorganization of the legal entity in the form of accession to it of agricultural organization - for date of entering into the Single state register of legal entities and individual entrepreneurs of record about the termination of activities of agricultural organization.

The specified delay and (or) payment by installments are provided to legal entities from the date of giving in body of Fund and (or) tax authority for the place of their registration as the payer of the written application;

1.3. by provision to legal entities according to this Decree of delay and (or) payment by installments of debt repayment of agricultural organizations percent, economic sanctions, administrative punishments in the form of penalties and penalty fee on the amounts of the delayed and (or) spread payments are not charged (are not applied, are not imposed), except as specified, provided in part three of this subitem.

In case of failure to pay by legal entities at the scheduled time of the flowing payments in the budget, in Fund and (or) payments in repayment of the debt spread according to subitems 1.1.2 and 1.1.3 of this Item, the termination of activities for production of agricultural products action of delay and (or) payment by installments stops and from this date the penalty fee in the size established by the legislation on the amount of the outstanding delayed and (or) spread debt is charged.

Action of delay and (or) payment by installments is resumed from the date of, following behind day, in which: complete payment of the current payments in the budget, in Fund, payments in repayment of the debt spread according to subitems 1.1.2 and 1.1.3 of this Item, penalty fee added for untimely payment of the current payments in the budget, in Fund and (or) payments in repayment of the debt spread according to subitems 1.1.2 and 1.1.3 of this Item, and also penalty fee added for the period suspensions of action of delay and (or) payment by installments is made; into accounts of legal entities revenue from production and realization of agricultural products arrived;

1.4. the debt of agricultural organizations for which repayment according to the laws of the Republic of Belarus and legal acts of the President of the Republic of Belarus adopted before entry into force of this Decree delay and (or) payment by installments are granted is restructured according to the procedure and on the conditions determined in this Decree without terms for which delay and (or) payment by installments are granted;

1.5. provision conditions according to subitems 1.1.1 - 1.1.4 presents of Item of delay and (or) payments by installments of debt repayment of agricultural organizations are:

providing with the legal entities including created based on property of agricultural organizations, activities for production of agricultural products;

the direction legal entities of the funds released as a result of provision of these of delay and payment by installments for replenishment of own current assets intended for production of agricultural products, repayment of the credits issued on the specified purposes and percent on them;

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