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Government and National Bank approved application in Belarus of the International Accounting Standards Board documents

According to Joint Resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus of 30 August 2018 No 628/11, amendments to IAS 19 ‘Employee Benefits’ and to IFRS 17 ‘Insurance Contracts’, adopted by the International Accounting Standards Board, shall be in effect in Belarus from 1 January 2019.

The Resolution was officially published in Russian on the National Legal Internet Portal of the Republic of Belarus on 7 September 2018 and enters into force from 1 January 2019.