Belarus Gazettes Decree Amending Rules for VAT, Customs Debt Restructuring

The Belarusian Official Gazette Aug. 3 published Decree No. 264, amending rules for VAT and customs debt restructuring. The decree includes measures: 1) authorizing the State Customs Committee to decide on customs debt restructuring for legal entities until Dec. 31, 2023; 2) clarifying that the debt restructuring applies to customs and other payments collected by customs authorities, including import VAT, that have not been timely paid; 3) providing that the debt restructuring may include a deferral of VAT and customs duties for up to one year; 4) providing application requirements and decision deadlines, including circumstances under which the committee may ...