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The regulation of representative costs is abolished



30.09.2010 Belarus

In Belarus the regulation of representative costs on reception and service of foreign delegations and individuals is abolished.


It is expected that the abolition of regulation of representative costs will contribute to an increase of selling on export of production, goods (works, services), receipt of currency earnings to the country. At present the costs of organizations on representative purposes on the reception of foreign delegations and individuals (dwelling, food, personal and other services), the organization of meetings, conferences, seminars are included in costs on production and selling of goods (works, services), property interests, which are taken into account in taxation. Restrictions on the amount of these costs are not provided.

 


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