In the Republic of Belarus you can find all tax regulations in one unified law called Tax code of the Republic of Belarus. Tax code of the Republic of Belarus has been changed a lot during last 10 year: nowadays Belarusian government is trying to make this document more clear and stable for all entities and legal institutions.
The main authority in the field of tax regulation is the Ministry of Tax of the Republic of Belarus. Here you can find the official website of the mentioned ministry: http://www.nalog.gov.by/en/
Below you can find some brief information about taxation in the Republic of Belarus and it’s principles.
There are two main types of tax systems in the Republic of Belarus: General taxation system (GTS) and Simplified taxation system (STS). If you registered a company in Belarus the tax office will give you 20 (twenty) working days to decide which tax system you want to use. If you didn’t decide then automatically you will use GTS.
General Taxation System in the Republic of Belarus
The company that uses GTS is to pay the following taxes:
Corporate tax (Profit tax) = 18 %
VAT = 20 %
Simplified Taxation System in the Republic of Belarus
The company that uses STS is to pay the following taxes:
Corporate tax = 5 % (should be paid from the turnover – not profit);
Corporate tax = 3 % (should be paid from the turnover – not profit)
VAT = 20%
Personal income tax in Belarus
Personal income tax in Belarus is 13 %. This also applies for dividends.
Taxes on salary in the Republic of Belarus: how to calculate?
Income tax = 13 %
State insurance = 0,6 %
Social security fund = 1%+34%
For all questions regarding tax law in the Republic of Belarus and other legal issues related to the tax matters in Belarus you can contact us by the email email@example.com. We will recommend you professional lawyer (English speaking) who will provide all necessary services for you.