Since 1 January 2014, a new ground for registration of foreign organisations with the tax authorities was established (Law of the Republic of Belarus of 31 December 2013 No. 96-Z).
A foreign organisation which performs work, provides services or carries out other activities which are not prohibited by legislation on the territory of the Republic of Belarus under an agreement must register with the tax authorities before commencing any activities under the agreement.
Unfortunately, legislation in this regard is vague and, for example leads to the conclusion that foreign organisations planning to provide loans to Belarusian companies systematically are obliged to register with the tax authorities.
As of today no official clarifications by the tax authorities regarding the new regulation and its application are available. We will be monitoring the situation and reporting on developments.