The Belarusian Ministry of Taxes and Duties recently issued guidance concerning the corporate tax treatment of expenses incurred by newly established businesses before their operations commence and expenses incurred by existing corporate taxpayers for new business activities. Key aspects of the guidance include: Business expenses incurred by a newly established business or by an existing business for new business activities may not be recognized until the new operations or business activities have begun New operations or business activities will be deemed to have begun no earlier than the day income is first recognized from the sale of goods, services, or...