- Home
- Business
- Belarus Expects Deal on Compensation for Russia's 'Tax Maneuver' After 2021 - Ambassador
Belarus Expects Deal On Compensation For Russia's 'Tax Maneuver' After 2021 - Ambassador
Umer Jamshaid Published December 08, 2019 | 08:50 PM
MINSK (UrduPoint News / Sputnik - 08th December, 2019) Belarus expects that a full compensation for the costs it will run into as a result of Russia's so-called tax maneuver, which will change taxation of oil products, will be agreed on after the countries complete merging their tax codes in 2021, the Belarusian ambassador said Sunday.
"We won't settle this issue before we merge our tax codes...
The issue of a complete compensation for the losses we will sustain from the tax maneuver may be resolved after January 1, 2022. It has been agreed on," Vladimir Semashko was quoted as saying by Belarus's news agency Belta.
Belarus has repeatedly claimed that it will suffer significant financial losses after Russia conducts its tax maneuver by phasing out export duties on oil and increasing severance tax. The maneuver is expected to be completed by 2024.
Recent Stories
Students gather at GCU to express solidarity with Palestinians, Kashmiris
'Operation Beethoven': Dutch 2.5bn-euro charm offensive to keep ASML
Crackdown on Profiteers in Hyderabad: 23 Traders Fined
IIOJK authorities to bar Eid prayers at Srinagar Eidgah yet again
Ex-Gucci star Michele named Valentino creative director
Football: Italian Serie A table
Bulgaria thrown into fresh political turmoil as snap elections loom
Railways CEO shares plans for Eid trains, service upgrades through e-Kutchehri
04 diagnosed with dengue virus in RWP
DC for taking strict action against absent teachers in Nasirabad
Banks to open on March 30, 31 to facilitate tax collection
Lahore Police launch campaign to install safety wires on motorcycles
More Stories From Business
-
Banks to open on March 30, 31 to facilitate tax collection
48 minutes ago -
Stock markets rise before Easter break
50 minutes ago -
NCA approves revised first quarter GDP estimates for 2023-24
50 minutes ago -
26% increase on tobacco tax can reduce PKR 300bn in health cost
2 hours ago -
Minister expresses anguish over alleged use of poor-quality material
3 hours ago -
Commerce Minister initiates push for E-commerce growth with in-house briefing
3 hours ago
-
Pakistan's total liquid foreign reserves reach $ 13.42 billion
3 hours ago -
European stock markets head into Easter break with slight gains
2 hours ago -
Korean envoy promises all efforts to enhance direct trade with Faisalabad
4 hours ago -
Russian Ambassador congratulates Jam Kamal on assuming charge, discusses trade
5 hours ago -
Aeon & Trisl signifies back-to-back successes by securing the No. 1 Award at the Emaar & Top Award a ..
5 hours ago -
Development of SMEs govt's top priority: Rana Tanveer
5 hours ago