Belarus to license export of flax outside the customs territory of the Eurasian Economic Union


According to the Joint Resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus of 16 September 2019 No 622/15 the following documents issued by the International Accounting Standards Board: “Definition of Material (Amendments to IAS 1 and IAS 8)”, “Definition of a Business (Amendments to IFRS 3)”, “Amendments to References to the Conceptual Framework in IFRS Standards” shall be put in effect in Belarus as technical normative legal acts from 1 January 2019.

The Resolution was officially published on 27 September 2019 and enters into force from 1 January 2020.