According to recent reports, on 6 January 2015, Belarus adopted a decree reducing the tax on foreign currency purchases from 10% to 0%. The tax was introduced at a rate of 30% on 19 December 2014, by Decree No. 786 issued by the National Bank of Belarus. It was later reduced to 20% by decree, and then reduced to 10% by another decree.

The tax was set to apply from 1 February 2015 for the purch…