What is exempted from taxation? What information is no longer a tax secret? This and other news please see in our review.
The following provisions have entered into force since January 1, 2020:
1. New tax rates
Alteration of certain tax rates is a common and annual practice. The new tax rates you may find in Annexes No. 1-10 of the Edict here. These are:
- rates of the excise duty;
- land tax rates for agricultural lands;
- average land tax rates based on Belarusian regions;
- environmental tax rates for pollutant emissions;
- environmental tax rates for wastewater discharges;
- environmental tax rates for disposal and storage of production wastes;
- tax rates for extraction of natural resources;
- tax rates for extraction of natural oil resources.
The Edict also provides:
- amount of an income exempted from the personal income tax;
- amount of tax deductions from the personal income tax.
2. The Edict establishes:
- a one-time recovery payment for public sector employees is exempted from the income tax once in a calendar year;
- an income tax relief with respect to an income received by private persons under agreements on over-the-counter non-deliverable financial instruments concluded with market participants (i.e. legal entities incorporated in Republic of Belarus and included in the forex companies register by the National Bank of Republic of Belarus) is extended.
For reference: basic assets of transactions with over-the-counter non-deliverable financial instruments include (but are not limited to) the following:
- foreign currency,
- precious metals,
- securities,
- oil,
- futures contracts,
- options.
3. The profit tax rate for taxation of revenue received by forex companies and the National Forex Centre from activities with over-the-counter non-deliverable financial instruments has increased up to 25% (instead of previous 18%).
4. The Edict establishes a term for payment of taxes by tax agents, i.e. foreign companies engaged in business activity in Belarus through a permanent establishment.
These organizations shall pay the income tax no later than the 22nd day of the month following the month, when the 180-day period in any twelve-month period of business activity through a permanent establishment expires (unless another term is established by an international treaty of Belarus).
5. Engineered costs
Expenses for fuel for motor vehicles, ships, machinery, mechanisms and equipment used within limits established by a head or by an accredited testing laboratory are now included in engineered costs.
6. Real estate tax exemptions are granted to taxpayers – legal entities relating to:
- buildings (their parts) of scientific organizations and science and technology parks;
- buildings (their parts) leased by these organizations; other buildings used by scientific organizations and science and technology parks on a paid or gratuitous basis.
For reference: a scientific organization is an organization which has been accredited as such and its main activity is a scientific research and development.
7. Land tax exemptions are granted to organizations relating to:
- land plots of scientific organizations and science and technology parks;
- land plots (parts of land plots) where the following objects are located: capital buildings (their parts) leased by these organizations, other capital buildings used by scientific organizations and science and technology parks on a paid or gratuitous basis.
8. The following information will not have the status of a tax secret since April 10, 2020:
- payer’s name;
- publicly available information, including annual accounting and financial records of organizations published in accordance with the law on public information;
- tax identification numbers and its effective date;
- information on whether a payer is in the process of liquidation (termination of activities);
- information on a share capital of an organization;
- information on tax and other legislation infringements and liabilities for these infringements;
- information on a residential status of a payer in a free economic zone, High Technologies Park, the Special Tourist and Recreation Park “Avgustov Canal”, China-Belarus Industrial Park “Great Stone”;
- information on paid taxes, duties (state fees), and special taxation regimes;
- information on an average number of employees;
- information contained in annual accounting and/or financial records.
The Edict does not explain how and who can access the information, which is no longer a tax secret. We believe that this information will be available upon receipt of an extract from the Unified State Register.
However, according to the Edict, the Council of Ministers shall approve a list of organizations with a special regime of information confidentiality.



