Belarus has recently issued guidance on amendments made to the Tax Code, which were adopted on 30 December 2015. The main changes are summarized as follows. Transfer Pricing Reporting and Documentation One of the biggest changes to the Tax Code is the expansion of the transfer pricing rules. This includes the obligation for taxpayers to submit an annual transfer pricing report along with their tax return for the following transactions: Transactions involving the purchase or sale of immovable property; Transactions exceeding BYR 1 billion (~USD 50,000) carried out with: A non-resident related party or resident of a government specified offshore...