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Belarus Announces Modified Tax Rates and Other Measures for 2020

29 January 2020

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Approved Changes

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Belarus

The Belarus government has issued a release announcing modified tax rates and other measures for 2020 as per Edict No. 503 of 31 December 2019. Some of the key points include: The corporate tax rate on profits from foreign exchange transactions is set at 25%; Requirements are set for individual income tax withholding by foreign organizations operating in Belarus through a permanent establishment, including that tax must be withheld and remitted no later than the 22nd day of the month following the month in which the permanent establishment is deemed constituted based on the period specified under domestic law (or...