/ News

Government and National Bank approved application of some documents issued by International Accounting Standards Board in Belarus

According to Joint Resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus of 4 November 2017 No 830/12, the following documents issued by the International Accounting Standards Board will be in effect in Belarus as technical normative legal acts from 1 January 2018:
IFRIC 22 “Foreign Currency Transactions and Advance Consideration”; “Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts'”; “Transfers of Investment Property (Amendments to IAS 40)”; “Annual Improvements to IFRSs 2014–2016 Cycle”.
IFRS 4 Insurance Contracts

The Resolution was officially published in Russian on the National Legal Internet Portal of the Republic of Belarus on 10 November 2017.