Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of April 2, 2015 No. 146

About financing of purchase of the modern machinery and equipment

(as amended on 04-03-2021)

For the purpose of providing the organizations of agro-industrial complex and other industries of economy with the modern machinery and equipment:

1. Determine that:

1.1. legal entities of the Republic of Belarus have the right to perform acquisition of the modern machinery and equipment, made in the territory of the Eurasian Economic Union, under agreements of finance lease (leasing) at lessors without holding stipulated by the legislation procedures of purchases at the expense of own, budgetary and (or) borrowed funds, and also the means received by state-financed organizations from implementation by them according to the legislation of the activities which are bringing in incomes and remaining at their order, on the following terms:

payments of advance payment:

at least 10 percent from the cost of the modern machinery and equipment provided in the agreement of finance lease (leasing) – for the organizations of agro-industrial complex, the public forestry and landscape and nature protection institutions subordinated to the Ministry of forestry and Administration of the President of the Republic of Belarus, the woodworking organizations to which sites of forest fund for procurement of wood, the organizations of housing and communal services are provided in lease;

at least 15 percent from the cost of the modern machinery and equipment provided in the agreement of finance lease (leasing) – for the organizations performing activities in other industries of economy;

payments of remuneration (income) to the lessor in the amount of 2 annual interest rates;

determinations of term of leasing of the modern machinery and equipment – 7 years 5 months.

Without payment of the advance payment established in paragraphs the second or fourth part one of this subitem purchase is allowed:

the automotive vehicles made by JSC Minsk Automobile Plant – managing company of BELAVTOMAZ holding;

the agricultural machinery made by members of GOMSELMASH holding;

the passenger equipment made by JSC Managing Company of Holding Belkommunmash;

the equipment acquired by lessors at the expense of own money * for the insolvent organizations of agro-industrial complex on condition of payment of leasing payments and redemption value of subject of leasing at the expense of means of the relevant budgets basic and regional territorial levels;

the machinery and equipment, acquired by lessors at the expense of own money for the insolvent organizations of housing and communal services included in the lists of such organizations approved by regional executive committees and the Minsk Gorispolkom annually till July 1 on condition of payment of leasing payments and redemption value of subject of leasing at the expense of means of the relevant budgets of basic and regional territorial levels;

______________________________

* For the purposes of this subitem the concept of own money does not join the credits (securities), the attracted (emitted) for financing property acquisitions intended for the subsequent transfer as leasing subject, and means received by lessors in the form of advance payments under agreements of finance lease (leasing) according to paragraphs the second or fourth parts one of this subitem.

1.2. lessors in coordination with the Industry ministry acquire the modern machinery and equipment, made in the territory of the Eurasian Economic Union, at producer organizations by the conclusion of contracts of delivery with them for the subsequent transfer to leasing to legal entities of the Republic of Belarus.

Financing by lessors of purchase of the modern machinery and equipment is performed according to the signed delivery agreements at the expense of the loans (securities) attracted (emitted) by them for financing of the property acquisition intended for the subsequent transfer as subject of leasing, own money of the lessors and means received by them in the form of advance payments under agreements of finance lease (leasing) according to paragraphs the second or fourth parts one of subitem 1.1 of this Item.

Advance payments under agreements of finance lease (leasing) can be fully or partially directed to financing of the investment expenses connected with acquisition of the modern machinery and equipment, not included in delivery agreements.

1-1. Approve:

The regulations on procedure and conditions of provision of subsidies for repayment of part of leasing payments (are applied);

The regulations on procedure for money transfer into special accounts (are applied) by the organizations performing conversion of products, and their use.

2. Suggest JSC Development Bank Republic of Belarus to grant the loans in Belarusian rubles of JSC Promagroleasing for acquisition of the modern machinery and equipment according to subitem 1.2 of Item 1 of this Decree in 2015 for a period of up to June 1, 2023 with their repayment since January 1, 2016, in 2016 – for a period of up to June 1, 2024 with their repayment since January 1, 2017, in 2017 – for a period of up to June 1, 2025 with their repayment since January 1, 2018, in 2018-2020 – with repayment period within 7 years 5 months since January 1 of the year following after year of loan granting:

without interest payment for use of the credits for the subsequent transfer to leasing of the modern machinery and equipment to the organizations of agro-industrial complex, to the public forestry and landscape and nature protection institutions subordinated to the Ministry of forestry and Administration of the President of the Republic of Belarus, the woodworking organizations to which sites of forest fund for wood procurement are provided in lease;

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.