Taxes in Belarus
Belarus is a picturesque and developed state located in the eastern part of Europe. The capital is Minsk, the population is 9 people.
The Republic of Belarus is distinguished from other countries by its commitment to traditions and the ability to be loyal to external world changes, regardless of whether they concern the economy or the social sphere.
The main sectors that generate most of the state's income are industry:
- fuel and energy;
- metallurgical;
- petrochemical;
- mechanical engineering;
- woodworking;
- Agriculture.
The service sector is no less developed here, accounting for about 53% of gross added value. Thanks to the developed economic and social spheres, many beginners and experienced businessmen who want to develop their commercial activities flock to Belarus.
Not only these factors make this country attractive for business. Tax system of Belarus It is distinguished by its transparency and intelligibility, due to which there are no controversial issues or difficult situations when calculating tax revenues to the state treasury.
If you decide to start a business, then the E-COMMERCE BROKER Company will help you company registration in Belarus. Thanks to many years of experience and accumulated partnerships, opening a company in this country will take 1-5 days.
At the same time, we are pleased to offer remote company opening services, thanks to which you do not even have to waste your time and energy visiting the Republic of Belarus, since our professionals will do everything for you.
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To receive more detailed advice from our specialists, leave a request on the company’s website, and we will contact you as soon as possible.
Tax system of the Republic of Belarus
Main organizational and legal forms in Belarus:
- individual entrepreneurship;
- limited liability company;
- closed joint stock company;
- public corporation;
- Private Unitary Enterprise.
All legal entities operating in the territory of the Republic of Belarus are subject to the tax burden, which includes the following types of taxes and fees:
- Taxes from business activities.
Tax calculation is carried out according to two types of tax system:
- general (OSN) - it includes income tax, the rate of which is 18%, and value added tax (VAT) at a rate of 20%;
- simplified tax system (USN) - in this case the rate varies: 3% of revenue if VAT is not included and 5% if VAT is included with a general rate of 20%.
- VAT.
Value added tax falls under the category of indirect taxes. Tax rates are:
- 20% - general, applicable to goods and services sold;
- 10% - reduced, applicable for plants, animals, fish, bee products and poultry produced in Belarus.
- Taxes on dividends.
For legal entities the tax rate is 12%.
- Land tax.
The fee applies to all legal entities that own land in Belarus. The rate depends on the cadastral value of the plot, area and territorial location.
