From July 2022, the Ministry of Architecture and Construction of
Belarus has imposed restrictions on the formation of selling prices
of goods used in construction and production of such materials. The
resolution was temporary and expired on January 1, 2023.
Nevertheless, restrictions on the maximum permissible
profitability rate and the maximum permissible price markup still
need to be maintained. These rates and mark-ups remained the
same.
As a reminder, importers of timber and lumber intended for
dwellings construction in rural areas may provide for a mark-up to
the contract price and import costs of up to 5%, other importers up
to 15%.
Importers set selling prices based on the contract prices,
customs duties and fees, cargo insurance costs, transportation
costs for the purchase of goods, interest on loans/guarantees.
Contract prices set in foreign currency shall be recalculated by
the importer at the official rate of the National Bank of Belarus
as of the
