Belarus Allows Taxpayers to Include Foreign Exchange Differences for Tax Purposes
Belarus has published Edict No. 504 of 31 December 2019 regarding foreign exchange differences. The Edict provides that taxpayers (with the exception of banks) may include foreign exchange differences as non-operating income and (or) expenses when determining the tax base for income tax purposes. Taxpayers may choose to include foreign exchange differences in the quarterly period they arise or…
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