On 12 November 2015, Belarus adopted Presidential Decree No 8/2015 concerning investment agreements and related incentives. It replaces Presidential Decree No. 10/2009, and will enter into force 6 months after it is published in the Official Gazette. Under the new Decree, the following tax incentives may be included as part of an investment agreement for the investor or local entity owned by the investor: Full deduction of value added tax (VAT) on goods or services used for the investment project once the project is completed; Customs duties and VAT exemption on technological equipment imported for the investment project; VAT and...