RU | EN

Changes in tax legislation



01.01.2011 Belarus

Changes, relating to taxation, come into force in 2011


In particular two local taxes are abolished – a charge on the development of territories (was fixed at the rate of 3%) and a local tax on services (was paid at the rate of 5% from proceeds). Three payments consisting of ecological tax are abolished. Now the basis of a tax system is composed by the following taxes: tax on consumption, profit and income taxes, tax on property, land tax and social payments. The submission of a tax declaration will be carried out mainly quarterly.

Besides new investment benefits are improved in tax legislation since 2011. Capital investment will be benefited directly during its realization, the profit, guided to capital investment, will be released from a tax. On VAT the restriction on tax deductions which are carried out in investment is removed.

 

 


Belarus
Minsk, Belarus
+375 (29) 690 12 34
e-mail: