On 17 June 2016, Belarus published Law No. 372-Z in the Official Gazette, which amends the Tax Code to take into account the upcoming redenomination of the Belarusian ruble. Effective 1 July 2016, the current ruble will be exchanged for a new ruble at a rate of 10,000:1. As a result, the references in the Tax Code to specific ruble amounts are reduced by the 10,000:1 rate. The relevant forms for tax returns are also amended accordingly.