On March 19, Decree of the President of the Republic of Belarus 93 of March 14, 2022 “On additional measures to ensure the stable functioning of the economy” was published.
One of the significant changes is the extension of the period of validity of the provisions of the Decree of the President of the Republic of Belarus 159 of 05/12/2020 “On the recalculation of the value of assets and liabilities” until 12/31/2025.
What has changed for organizations?
This change allows companies to write off the differences formed from 01/01/2020 to 12/31/2025 on income (expenses) from financial activities and non-operating income (expenses) taken into account when calculating income tax, in the manner and terms established by the head, but no later than 12/31/2025.
If the company decides to apply these rules, you must not forget to fix the decision in the accounting policy.