BelarusVlasova Mikhael & Partners |
|
"Full service firm that dominates the legal market" |
|
Chambers Global |
76A Masherova av., 4th floor
Minsk
Tel: +375 (17) 203-8496 / 67
Fax: +375 (17) 203-7702
| Corporate income taxation | |
|---|---|
| Corporate Tax | 24% |
| Dividend | 12% |
| Participation Exemption | N/A |
| Capital gains | 12% |
| Deduction of Interests | Fully deductible |
| Thin Capitalization Rule | N/A |
Depreciation
|
Linear/Nonlinear max index 2,5 |
| Transfer Pricing Rules | N/A |
| Loss carried forward Loss carried backward |
N/A N/A |
| Fiscal unity/Tax consolidation | N/A |
| Withholding taxation | |
| Withholding tax rate for dividends | 12% |
| Interests | 10% |
| Royalties | 15% |
| Other income (securities, real estate, some services, agency agreements) |
15% |
| Double Tax Treaty Network (over 60 DTTs): reduction /elimination of double taxation | |
| Personal Income tax | |
| General flat rate | 12% |
Reduced rate
|
9% |
| Dividends | 12% |
| Inheritance tax | N/A |
| Real Estate Transfer Taxes / Duty | N/A |
| Value Added Tax | |
| Standard / reduced rate |
20% / 10 % |
| Export | 0% |
| Exemption available for medical, educational and insurance services provided to individuals, supply of certain pharmaceuticals and medical equipment | |
| Property taxation | |
Corporations (annual rate)
|
1 % 2% |
| Individuals: residential property (annual rate) | 0.1 % |
| Additional tax on Land (cadastral value of land) | 0.015% to 12 % |
| Severance Tax | |
| On extracted natural resources (oil, sand, chalk, clay, salt, gold) | |
| Excises | |
| On alcohol, tobacco, petroleum, autos | |
| Social Security Contributions | |
Employer rate on top of gross salary
|
34% 30% |
| Rate of gross salary for employees | 1% |
| Incentives for Investors | |
| Contract with state, which can guarantee special regime of taxation, customs duties and other privileges available for particular investment project | |
| Tax incentives available under cluster principle (for residents of High Technologies Park, Free Economic Zones, and companies situated and operating in small towns and in rural areas) | |
| Special (simplified) tax regime | |
| Special tax regimes are available; rates vary depending on type of business activity | |
| Advance (binding) tax rulings | N/A |