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Repository Services Not Subject to Belarus Withholding Tax

03 October 2014

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Approved Changes

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Belarus

On 23 September 2014, Belarus published a letter from the Ministry of Taxes and Duties concerning fees paid by resident companies for repository services provided in Belarus by non-resident companies. According to the letter, fees paid for the following repository services are not subject to withholding tax: Registration of master agreements, Registration of derivatives agreements, Altering and amending data of registered agreements, and Providing extracts of registered agreements