On 19 December 2014, the Belarusian Senate approved Tax Code amendments for 2015. The key amendments are summarized as follows:

Corporate Taxation

• The reduced 9% capital gains tax rate on gains from the sales of shares is abolished, and the 18% rate applies
• The corporate tax rate for banks and insurance companies is increased from 18% to 25%

Individual Taxation

• The individual income tax …

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