On Amendments To The Tax Legislation

Tax legislation in Belarus amends every year. Part of the amendments, which will come into force in 2023, were adopted by the Tax Code of Belarus in 2022, the second part is currently being signed by the President and will be adopted in the near future.

Some of the main amendments are shown below:

1) A new tax on professional income is being introduced. It will be paid by individuals who are involved in a type of activity approved by the Government. The tax rate will be 10% as a general rule and 20% (e.g. if income for the year is over 60,000 Belarusian rubles from Belarusian companies and individual entrepreneurs).

It is important to mention that it is the first tax in Belarus for individuals to be fully administered in a special application that is available for download in any marketplace.