Financial police of Belarus receives additional powers in fighting fake entrepreneurship

21 января 2016

The financial police Belarus received additional powers in fighting fake entrepreneurship provided by the decree signed by the head of the state.

Now bodies of financial investigations of the State Control Committee have the right to issue instructions to contractors who deal in shady company. Those subjects, who received the notice, will be required to pay taxes for the money spent through shadow businesses. In this case, contractors are exempt from administrative liability.

Ramil Saparov, Head of the Belarusian State Control Committee FID:

"Now, however, conditions will be created for inevitability of punishment. Let's just say even the inevitability of fulfilling obligations."

The so-called financial companies will be entered in a unified register. All financial transactions of suspicious companies will be checked with special care.