Changes to the List of Foreign Currencies. New List of “hazardous” Professions. Inventory Procedure During Reorganization via Merger and Other Legislative News
The legislative news review is presented as of July 9, 2026.
Changes in the list of foreign currencies
Effective June 30, 2026, the National Bank of Belarus (hereinafter also referred to as the NBRB) expanded the list of foreign currencies against which official exchange rates for the Belarusian ruble are set monthly. Accountants specializing in foreign trade activities must take these changes into account when recalculating liabilities.
The updated list includes 7 new monetary units:
- Bahraini dinar (BHD);
- Namibian dollar (NAD);
- golden cordoba (Nicaragua, NIO);
- Kyat (Myanmar, MMK);
- Mauritian rupee (MUR);
- Omani rial (OMR);
- taka (Bangladesh, BDT).
For these currencies, the official exchange rate is now updated once a month.
Important: If there are settlements with counterparties or account balances in these currencies, the NBRB exchange rate set on the reporting date must be used for accounting.
For more details, please follow the direct link.
New lists of “hazardous” professions for early retirement from July 1, 2026
On July 1, 2026, Resolution No. 175 of the Council of Ministers dated April 8, 2026, came into force, updating the lists of industries, jobs, professions, and positions that give the right to preferential pension provision.
Positions have been eliminated where certifications no longer confirm hazardous conditions or where working conditions are deemed acceptable due to automation (for example, cable splicer and telephone operator).
In addition, 15 professions have been transferred from particularly hazardous ones – from List No. 1 – to less hazardous ones, i.e., to List No. 2, and the job titles have been synchronized with the current qualification reference books.
Note: These changes do not invalidate the rights of employees who have already accrued their preferential length of service under the old rules. Unscheduled workplace certifications are not required due to the issuance of this regulation; the results of all scheduled certifications completed before July 1, 2026, remain valid until their expiration date.
How to correctly indicate the job title of a worker in the staffing table?
The Ministry of Labor clarified the issues of establishing the names of workers’ professions in the staffing table.
Important: If a worker is eligible for early retirement or special payments due to hazardous working conditions, the Social Security Fund will deny recognition of special work experience if the job title does not match the job description in the directory. This will result in additional payment of Occupational Pension Insurance contributions for organizations. Furthermore, if an employee is entitled to additional payments or compensation for operating heavy equipment, but the job description is misrepresented in the staffing table and orders, such payments will be excluded from expenses deductible for profit tax purposes during a tax audit.
The issues of determining the titles and labor functions are regulated by the Labor Code (Articles 19 and 61) and the General Provisions of the Unified Tariff and Qualification Handbook of Jobs and Professions of Workers.
The name must strictly comply with Unified Tariff and Qualification Handbook of Jobs and Professions of Workers. and professional standards.
You cannot add extra words (type of transport, brand of equipment, etc.) if they are not in the directory.
For example, the directory contains the profession “Car Driver”, which involves driving cars of categories “B”, “BE”, “C”, “CE”, “D”, “DE ”.
In the staffing table, you cannot write “Car Driver,” “MAZ Driver,” or “Bus Driver,” etc., specifying the type of vehicle, brand, or other information.
If the Unified Tariff and Qualification Handbook of Jobs and Professions of Workers title already contains words in brackets to clarify the place of work, field of activity, equipment used, etc., the employer can choose one of the options.
Examples
“Controller-cashier (controller)” – you can select either “Controller-cashier” or “Controller”.
Depends on the composition of the work performed, as set out in the tariff and qualification characteristics of the profession of the same name.
“Driver of a self-propelled (towed) vehicle (sweeping, snow removal).”
The employer has the right to choose one of the options: “Driver of a self-propelled street sweeper”, “Driver of a towed street sweeper”, “Driver of a self-propelled snow removal machine”.
If a worker performs work in different professions, the title is determined according to the main job, taking into account the largest proportion of the work performed by him.
For example, an employee works in two jobs: “Interior Cleaner” and “Outdoor Cleaner.” 60% of the time is spent cleaning the premises and 40% is spent cleaning the grounds.
The staffing table lists the job title as “Cleaner.” All duties are outlined in the work instructions.
Important : It is prohibited to establish a double title (“Cleaner of premises/territories”).
When determining the name, data on the content and volume of work at a specific location is used: process maps, work instructions, photographs of the working day and technical passports of the equipment.
For more details, please follow the direct link.
Reorganization by merger: how to conduct an inventory correctly
In its official Telegram channel, the Ministry of Finance explains the procedure for conducting an inventory during reorganization through merger.
When reorganizing an organization by merging one organization with another, the question arises: who should conduct an inventory of assets and liabilities: the merging organization or the one to which this organization is merging?
In a situation where reorganization occurs through the merger of one organization with another, an inventory of assets and liabilities is carried out at the merging organization, based on the results of which a transfer act is drawn up.
For more details, follow the direct link.
What to consider when leasing state property
During an inspection conducted by the Minsk City Property Committee, a violation was revealed: the tenant had subleased the premises.
In this case:
- without the consent of the landlord;
- without a decision from the district administration;
- with an acceptance certificate and rent several times higher than what he paid himself.
How it all ended:
- the landlord was brought to administrative responsibility for improper control;
- tenant: termination of the lease agreement and penalties for illegal sublease.
- subtenant: eviction and loss of all invested funds, including repair costs.
For more details, follow the direct link.
The procedure for filing and reviewing complaints against decisions in administrative offence cases, and the actions and decisions of officials in administrative proceedings: changes in 2026
The Law of the Republic of Belarus No. 138-Z dated April 15, 2026 “On Amendments to Codes on Administrative Liability” amended the Procedural-Executive Code of the Republic of Belarus on Administrative Offenses (hereinafter referred to as the PECAO ), including in terms of the procedure for filing and considering complaints against decisions in a case on an administrative offense, actions and decisions of an official of the body conducting the administrative process.
Starting June 19, 2026, it will be possible to file a complaint not only in writing but also electronically. The complaint must be signed with an electronic digital signature (EDS) by the person filing the complaint or their representative.
Complaints may be submitted in the form of an electronic document signed with an electronic digital signature:
- on the actions and decisions of the official of the body conducting the administrative process, in the manner prescribed by Chapter 7 of the Administrative Offences Code,
- on decisions on the case of an administrative offence in the manner prescribed by Chapter 13 of the Administrative Offences Code.
A complaint in the form of an electronic document, the integrity and authenticity of which is confirmed using an electronic digital signature, can be submitted to the tax authorities through the taxpayer’s personal account.
As before, a complaint against a ruling in an administrative offence case is sent through the tax authority that issued the ruling.
In addition, the time period for considering a complaint against the actions and decisions of an official of the body conducting the administrative process is changing.
From June 19, 2026, the period for consideration of such a complaint is five working days from the date of its receipt.
To receive professional advice regarding the application of current legislation for accounting purposes or to receive advice on tax matters, please send your inquiries through the feedback form on the website or write to email: info@assurance.by
