Belarus. Tax and legal news. January 2022.


Tax law reform

From 1 January 2022, the following new provisions apply:

  • A gratuitous contribution to a company's property is no longer considered a transaction subject to Belarusian corporate income tax, but is treated as an increase in the company's share and charter capital. If you have a company in Belarus which needs some additional funding, you may now simply transfer the funds to the company’s bank account as a contribution to its property. That transaction does not entail any changes in the company’s share or charter capital.
  • The period of validity of an extract from the commercial register of the country in which the foreign company is registered has been increased from three to six months.
  • From 1 July 2022, registration for tax purposes in Belarus will become obligatory for foreign companies and individual entrepreneurs providing e-services and e-commerce, if the sales turnover of these services and goods to Belarusian buyers exceeds the amount equivalent to EUR 10,000 (excluding VAT).
  • Tax audits should no longer be carried out when a company is liquidated if, according to the tax authorities, the company has no outstanding tax liabilities or its debts are insignificant.