The Belarus Ministry of Taxes and Duties has published Letter No. 2-2-10/31901 of 20 April 2022, which explains the procedure for applying the investment deduction in 2022, taking into account the amendments and additions made with effect from 1 January 2022. This includes that the maximum amount of the investment deduction has been increased:

• from 15% to 20% of the initial investment costs f…