Base amount explained

Base amount[1] or base value[2] (also basic amount,[3] or basic value,[4] or base rate[5]) (Belarusian: базавая велічыня, Russian: базовая величина; commonly abbreviated as БВ or б. в.) is sort of notional amount used in Belarus to keep amount of pensions, scholarships, social welfare payments, duties, taxes, and fines in the text of laws stable and relevant regardless of the level of inflation.

Base amount (Polish: kwota bazowa) is also used in Poland to keep pensions on a stable level, regardless of inflation.[6] A similar measure, income base amount (Swedish: inkomstbasbelopp), is used in Sweden.[7]

History

Until 2002, fines, taxes, fees and other payments in Belarus were calculated in multiples up to the minimum wage. In accordance with the Presidential Decree № 3 of 15.02.2002, the minimum wage is used only in labor relations. According to the Resolution of the Council of Ministers of 22.02.2002 № 243 for the calculation of fines, taxes, fees and other payments, a base amount of (about €6.92 at that time) is applied.[8]

Usage examples

Amount and effective dates

Effective date Amount in Belarusian rublesAmount in euroRegulation
01.01.20223211.10Resolution of the Council of Ministers of 31.12.2021 № 792
01.01.2021299.15Resolution of the Council of Ministers of 30.12.2020 № 783
01.01.20202711.42Resolution of the Council of Ministers of 12.12.2019 № 861
01.01.201925.510.31Resolution of the Council of Ministers of 27.12.2018 № 956
01.01.201824.510.4Resolution of the Council of Ministers of 22.12.2017 № 997
01.01.20172311.25Resolution of the Council of Ministers of 28.11.2016 № 974
01.07.2016219.46Resolution of the Council of Ministers of 27.06.2016 № 496
01.01.2016210 00010.34Resolution of the Council of Ministers of 18.12.2015 № 1059
01.01.2015180 00012.45Resolution of the Council of Ministers of 29.12.2014 № 1255
01.04.2014150 00011.05Resolution of the Council of Ministers of 25.03.2014 № 255
01.10.2013130 00010.6Resolution of the Council of Ministers of 26.09.2013 № 842
01.04.2012100 0009.34Resolution of the Council of Ministers of 30.12.2011 № 1785
01.12.200735 00011.02Resolution of the Council of Ministers of 02.11.2007 № 1446
01.03.200631 00012.15Resolution of the Council of Ministers of 11.02.2006 № 189
01.11.200529 00011.17Resolution of the Council of Ministers of 05.10.2005 № 1100
01.04.200525 5009.14Resolution of the Council of Ministers of 28.03.2005 № 330
01.11.200424 0008.66Resolution of the Council of Ministers of 15.10.2004 № 1290
01.04.200419 0007.22Resolution of the Council of Ministers of 29.03.2004 № 346
17.01.200417 5006.5Resolution of the Council of Ministers of 12.01.2004 № 23
30.09.200316 5006.86Resolution of the Council of Ministers of 26.09.2003 № 1220
01.05.200314 0006.23Resolution of the Council of Ministers of 13.05.2003 № 630
01.03.200313 3006.26Resolution of the Council of Ministers of 27.02.2003 № 280
01.12.200212 0006.35Resolution of the Council of Ministers of 16.12.2002 № 1750
01.09.200211 1006.09Resolution of the Council of Ministers of 04.09.2002 № 1211
01.03.200210 0006.92Resolution of the Council of Ministers of 22.02.2002 № 243

Simplified approximation

As seen above, from 2005 year base amount is set in amount that can be approximated to 10. For example, if the amount of some fine is 35 base amounts, it can be easily assumed as €350.

The United States Department of State in its travel information uses an approximation of 2 base amounts to €25,[13] which covers the actual amount on the safe side.

See also

Notes and References

  1. Web site: Base amount in Belarus . December 16, 2019. eng.belta.by.
  2. Web site: Social Protection and Social Inclusion in Belarus. November 2009. ec.europa.eu.
  3. Web site: Official documents. Family capital program extended for 2020-2024 in Belarus. 18 Sep 2019. belarus.by.
  4. Web site: Civil Code of the Republic of Belarus No. 218-Z of December 7, 1998. wipo.int.
  5. Web site: New Year changes. Base value amounts to 29 rubles. live. 2021-03-09. tvr.by. https://web.archive.org/web/20210126123342/https://www.tvr.by/eng/news/obshchestvo/chto_izmenitsya_s_novogo_goda/ . 2021-01-26 .
  6. Web site: Słownik. Kwota bazowa. pl.
  7. Web site: Glossary. income base amount.
  8. Web site: Банкротство предприятия и трудовые отношения. ru.
  9. Web site: Border crossing rules for foreign citizens. en.
  10. Web site: Штрафы от 0,1 до 500 базовых величин: опубликован новый Кодекс об административных правонарушениях. 2021-01-22. ru.
  11. Web site: Информация, связанная с терактом в Минском метрополитене 11 апреля 2011 года — Минский городской исполнительный комитет. ru.
  12. Web site: Social Security Programs Throughout the World: Europe, 2018 - Belarus. en.
  13. Web site: Belarus International Travel Information. travel.state.gov. en.