Mikhail graduated from the Faculty of International Relations of the Belarusian State University.
He has been working with Arzinger since 2016.
In his work, Mikhail focuses at assistance to foreign companies, particularly in the field of industry and retail, in arrangement of their business in Belarus and resolving of the issues arising in the course of this process and associated with real estate property and allocation of land plots for investment purposes.
Mikhail is also involved in advising to foreign IT companies in peculiarities of performing business activities in Belarus in the field of high technologies and their admission to the High Tech Park as residents.
New Amendments to the Tax Legislation: The Edict “On Taxation” No. 503 has already Entered into Force
What is exempted from taxation? What information is no longer a tax secret? This and other news please see in our review.
Ministry of Antitrust Regulation and Trade Issued a Draft of the Edict on Pricing of Medicines and Medical Equipment for a Public Discussion
Led by the Ministry of the Antitrust Regulation and Trade, a draft edict amending rules of pricing of domestic and imported medicines, medical devices and medical equipment is now passing a public discussion.
Development of Information Security Sector
Presidential Edict No. 449 “On improving state regulation in the field of information protection” was published on December 13, 2019, which expanded and clarified the procedure and methods for technical and cryptographic protection of information in Belarus. The main emphasis was placed on the so-called critical important objects of informatization: systems that aggregate and process information that are used in state bodies, financial institutions and important industries.
Changes to the Legislation on Use of Cash Register Equipment
In June 2020, all provisions of the Resolution of the Council of Ministers of Belarus dated 29.11.2019 No. 819/16 will enter into force amending the procedure of use of cash register equipment and expanding the opportunities for trade and service entities.
What Changes Should We Expect in Tax Legislation? The Edict No. 411 “On Taxation” dated October 31, 2019
Range of persons having the right to carry out tax accounting activities without a tax consultant's certificate is expanded; tourism services are subject to VAT payment; more objects are exempted from taxation. These and other amendments see in our review.
The Signed in the Last January Treaty Between the Republic of Belarus and the Republic of Zimbabwe on Mutual Legal Assistance in Civil and Economic Matters was Ratified on October 10, 2019.
Conclusion of the Treaty will enable the competent authorities of the both states to settle issues related to legal assistance in civil and economic matters by fulfilling orders for various legal procedural actions.
The Draft Law on Self-Regulated Organizations: Is It the Alternative to the State Regulation?
The draft law “On Self-Regulated Organizations” was brought to public discussion. It is planned that this law will be brought to the parliament at the end of 2019 and will be adopted in 2020.
On October 23, 2019, the Edict No. 394 “On Provision and Procurement of Loans” was signed. The document regulates microfinance activities.
The Edict approves the List of amendments and alterations to the edicts of the President of the Republic of Belarus, as well as the Regulation on Microfinance Activities. Main innovations include a procedure for creating non-profit microfinance organizations in the form of a consumer cooperative and their business.
The Draft Law “On Payment Systems and Payment Services in the Republic of Belarus” has been Submitted for Discussion
From October 7 to 17, at the initiative of the National Bank of Belarus, a public discussion of the draft Law “On Payment Systems and Payment Services in the Republic of Belarus” was held. The document regulates in detail the obligations of payment service providers and the requirements for information that they must disclose before the conclusion of a payment agreement.
Forthcoming Amendments in the Currency Legislation: the Draft of the New Edition of the Law “On Currency Regulation and Currency control”
The draft of the new edition of the Law «On Currency Regulation and Currency Control» is under review of the Parliament. The new edition of the Law aims to stimulate non-cash payments. The draft also added new definitions: repatriation, currency agreement etc. The list of permitted currency operations has been changed.
What is Dumping? How can Dumping be Revealed and why do Manufacturers Use it?
In simple words, dumping is a situation when manufacturers or traders export goods at prices which are lower than in their own internal market. EAEU legislation, as well as legal acts of majority of foreign states, use two main definitions: normal cost and an export price of goods. Normal cost of goods is calculated based on prices in the internal market of the exporting country in the normal course of trade. Export price is the actual price of goods in the market of the EAEU or a state conducting an antidumping investigation.
Advertise in tune with New Regulations: The Draft of the Law “On Amendments to Legislations on Advertisement” is Released
Baby stuff can be advertised in kiddie shows; there are new requirements to financial organizations advertisement; prohibition to advertise e-cigarettes and other amendments see in our review.
Make Sure that You Have Registered your Loans till August 31, 2019
On March 1, 2019 it became easier in Belarus to make some currency transactions involving non-residents. Among other innovations, now for some transactions it is not required to receive a preliminary permit of the National Bank.
Initiative to introduce Licensing of Wholesale Distribution of Plant-Protecting Agents
On August 9, 2019 National Legal Forum of Belarus brought up for public discussion a draft of the edict on licensing of wholesale distribution of plant-protecting agents.
Changes in Copyright Regulation
On July 26, 2019 national web portal of Belarus published a new law amending some aspects of copyright and related rights legal regulation.
Ministry of Taxes and Duties Explained how to Use Thin Cap Rules
In June Ministry of Taxes and Duties published an algorithm for tax inspections on how to calculate costs relating to a controlled debt (i.e. how to use thin cap rules).
Edict of the president No. 488 on illegal tax avoidance was cancelled in Belarus
From April 24, 2019 a well-known Edict of the President of the Republic of Belarus No. 488 dated October 23, 2012 “On Some Measures for Prevention of Illegal Tax Avoidance” was cancelled together with a Register of business entities with increased risk of crime in the economic sphere.
Before the Deal – Justyna Unitary Enterprise, after the Deal – Senselle LLC. European Lingerie Group Purchased a New Asset in Belarus
January deal is a part of the strategy of ELG on capacity expansion in the region. Aim of the company is to produce a brand line Senselle in its Belarusian division located near the main markets of Eastern Europe, the Caucasus and Central Asia.
On January 8, 2019 the Edict of the President of the Republic of Belarus “On Customs Regulation” has entered into force
It systematizes and clarifies some provisions of the customs legislation. We suggest you get acquainted with some important updates.