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National fine will be abolished

From January, 1 2007 the Decree of the President of the Republic of Belarus 22.03.2004 N 140 – that introduced national fine for using vehicles in entrepreneurial activity and transmission them to legal entities and individual entrepreneurs – will not be in force.
The correspondent decree N 569 was signed on September, 13 2006. The Press service of the President of the Republic of Belarus reports that its signing is aimed at simplification of taxation of legal entities and individual entrepreneurs. The official source explains coming into force of the Decree that changes to the tax legislation are implemented on the eve of the next budget (finance) year and come into force since January, 1 of the next year.