Articles

In 2023 there are several specific features for writing-off the receivables. Let’s look at specific examples in which cases it is possible or not to take into account debt write-off as part of non-operating expenses. In accordance with subpoint 3.22–3.24, point 3, article 175 of the Tax Code of the…

Due to the adoption of the Resolution of the Ministry of Finance of the Republic of Belarus No. 61 dated December 26, 2022 “On Accounting of Exchange Rate Differences”, which approved the National Accounting Standard “Effect of Changes in Foreign Exchange Rates” (NAS No. 61), the previously effective procedure established…

Transfer pricing control is the sphere of tax and other competent authorities control over prices different from transaction prices in market conditions. When setting such prices, the total profit of interdependent persons’ group is redistributed in favor of persons located in countries with lower taxes or persons who do not…

Any bonus payment news? Sometimes the accrual and bonus payment rules to CEO contradicts the norms of legislation. In particular, it is prohibited to charge and pay a bonus to the manager of an organization of ANY form of ownership, if there is: arrears of payments to the republican or…

Article 13 of the Tax Code of the Republic of Belarus defines the concept of dividends. It is income accrued by an organization (except for partnership) to a participant (shareholder) on shares (stocks) belonging to this participant (shareholder) in the order of distribution of profit remaining after taxation. Any income…

We took 4th place in the rating of audit companies in Belarus for 2021. The company showed steady growth in 2021 and took 4th place in the rating of audit companies in Belarus, published in 2022 by the Chief Accountant magazine. We thank our team for the work done and…

The transfer of accounting, personnel, legal services to outsourcing is used as an effective strategy for organizing business by companies around the world. We understand why. Outsourcing is a modern management strategy, which is the transfer of the functions of accounting, personnel, legal services to a professional organization (outsourcing company)…

The new edition of the Law of the Republic of Belarus dated 22.07.2003 No. 226-Z “On currency regulation and currency control” has been in force for more than a year. In our material, we have collected the main aspects of the procedure for conducting foreign exchange transactions that affect the…