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Belarus Amends Tax Incentives for Electric Vehicles

30 November 2021

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Approved Changes

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Belarus

Belarus has published Decree (Edict) No. 447 of 22 November 2021, which amends Decree (Edict) No. 92 of 12 March 2020 on incentives for electric vehicles. Certain aspects are largely maintained, including that the incentives are available until 31 December 2025. This includes that legal entities can deduct the cost of acquiring electric vehicles in full in the year of acquisition, although further clarification is provided. The deduction for the cost of investments in battery charging stations is also largely maintained, including a 100% deduction in 2020, 80% in 2021, 60% in 2022, 40% in 2023, and 30% in 2024...