Conditions for awarding bonuses to heads of debtor organizations have been changed in Belarus

August 9, Minsk /BELTA/. The conditions for awarding bonuses to heads of organizations indebted to the budget have been changed in Belarus. On August 6, the President of Belarus signed Decree No. 405, which amends Decree No. 292 of August 13, 1996 "On granting legal entities a deferral for the payment of tax arrears and penalties," the press service of the head of state informed BELTA. Decree No. 292 of August 13, 1996, prohibits the payment of bonuses to heads and chief specialists (their deputies) of organizations that have arrears to the budget. An amendment has been made to this decree, according to which the prohibition will not apply to organizations that have been granted a deferral (installment plan) for the repayment of arrears on payments to the budget, economic sanctions, and penalties by a decision of the President of the Republic of Belarus. In this case, strict adherence to the payment of current budget payments is a mandatory condition. In case of deprivation of the right to a deferral (installment plan), the prohibition on accrual and payment of bonuses to officials will be in effect. The decree comes into force three months after its signing. -0-