Belarus tax news for 2025
January 20251. Suspension of Double Tax Treaties:
Impact: Belarus has suspended provisions of many of its Double Taxation Agreements (DTAs), including those with the UK.
This means that the tax rules outlined in these treaties, which were designed to prevent double taxation of income, are no longer in effect.
Consequences: This can lead to increased tax burdens for businesses and individuals with cross-border activities between Belarus and the affected countries.
It also creates greater uncertainty for foreign investors. Why it matters: This is a major shift in Belarus's tax policy and signals a less favorable environment for international business.
2. Changes to Tax Code:
Ongoing process: While specific details may vary, tax codes are often subject to amendments and updates.
It's crucial to stay informed about any changes to the Belarusian Tax Code that may be introduced in 2025.
Potential areas of change: These could include adjustments to tax rates, deductions, exemptions, or procedures.
3. Focus on Specific Sectors:
Government priorities: The Belarusian government may introduce tax incentives or changes aimed at promoting specific sectors of the economy, such as IT, technology, or manufacturing.
CIT rate in Belarus 2023
January 2023The standard corporate tax rate is 20% (increased from 18% effective 1 January 2023).
Effective 1 January 2023, the additional local tax of up to 2% is abolished since the standard corporate tax rate is increased by 2%.
Belarus Spain Tax Treaty
April 2021The updated 2017 double tax treaty, DTA, between Belarus and Spain will enter into force on May 9, 2021.
According to the DTA the tax withholding rate for payments of dividends will be in general 10%.
When paid to a company with a shareholding of 10% or more the withholding rate will be 5%.
The tax withholding rate for payments of interest and royalties will be the same 5%.
Belarus New 18% Corporate Tax Rate
February 2012Starting January 1, 2012 the new corporate income tax rate is 18% compared to the previous 24% rate.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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