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 in the last reporting period of the corresponding calendar year. The Edict entered into force on 5 January 2020 and applies from 1 January 2019.