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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of October 1, 2013 No. 450

About some questions of realization of vehicles on the terms of finance lease (leasing)

(In edition of Presidential decrees of the Republic of Belarus of 10.03.2014 No. 116, 23.03.2016 No. 106)

For the purpose of assistance to development of finance lease (leasing) of vehicles, improvement of the investment climate:

1. Determine that the vehicles acquired in 2013-2015 at the expense of the credits of banks by legal entities of the Republic of Belarus - lessors (further - lessors) at producers - the residents of the Republic of Belarus having the average number of workers for January 1, 2013 more than 20 thousand people are given under agreements of finance lease (leasing) to the organizations and individual entrepreneurs of the Republic of Belarus (further - leasing recipients) with establishment of remuneration (income) of the lessor who is not exceeding 2 annual interest rates.

2. Perform within no more than 5 years from the date of receipt of the credits called in Item 1 of this Decree, compensation to lessors at the expense of the means of the republican budget provided on other questions in the field of the industry, constructions and architecture, parts of interest for using these credits in the amount of:

50 percent of refunding rate of National Bank, but no more than 12 annual interest rates, - on the loans granted in Belarusian rubles;

50 percent of rate on the credit, but no more than 4 annual interest rates, in Belarusian rubles on the official rate of National Bank for date of compensation - on the loans granted in foreign currency.

3. Recognize invalid:

The presidential decree of the Republic of Belarus of March 16, 2005 No. 134 "About modification of the Presidential decree of the Republic of Belarus of April 8, 2004 No. 171" (The national register of legal acts of the Republic of Belarus, 2005, No. 43, 1/6320);

The presidential decree of the Republic of Belarus of April 21, 2006 No. 264 "About modification of the Presidential decree of the Republic of Belarus of April 8, 2004 No. 171" (The national register of legal acts of the Republic of Belarus, 2006, No. 69, 1/7508);

The presidential decree of the Republic of Belarus of October 5, 2006 No. 598 "About modification and amendments in the Presidential decree of the Republic of Belarus of April 8, 2004 No. 171" (The national register of legal acts of the Republic of Belarus, 2006, No. 164, 1/7970);

The presidential decree of the Republic of Belarus of March 20, 2008 No. 163 "About modification of the Presidential decree of the Republic of Belarus of April 8, 2004 No. 171" (The national register of legal acts of the Republic of Belarus, 2008, No. 69, 1/9557);

The presidential decree of the Republic of Belarus of October 22, 2009 No. 516 "About modification of the Presidential decree of the Republic of Belarus of April 8, 2004 No. 171" (The national register of legal acts of the Republic of Belarus, 2009, No. 261, 1/11069);

Items 20 and 63 of appendix to the Presidential decree of the Republic of Belarus of March 9, 2010 No. 143 "About single questions of the taxation" (The national register of legal acts of the Republic of Belarus, 2010, No. 66, 1/11477);

The presidential decree of the Republic of Belarus of August 13, 2010 No. 421 "About modification and amendments in the Presidential decree of the Republic of Belarus of April 8, 2004 No. 171" (The national register of legal acts of the Republic of Belarus, 2010, No. 198, 1/11873).

4. To Council of Ministers of the Republic of Belarus:

when refining the republican budget for 2013, forming of drafts of the republican budget for 2014-2020 to provide funds for compensation of part of interest for using the loans of banks granted according to Item 1 of this Decree;

provide decision making about compensation to lessors of interest for using the credits of banks according to part one of Item 2 of this Decree.

5. To impose control over the implementation of this Decree on the State Control Committee.

6. Operation of this Decree does not extend to the contracts signed to its introduction in force. These agreements are effective during the term determined in them and are not subject to reduction in compliance with requirements of this Decree.

7. This Decree becomes effective after its official publication.

President of the Republic of Belarus

A. Lukashenko

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