Belarus has published Decree No. 348 of 15 September 2021, which approves the state program for innovative development in Belarus for 2021 to 2025. As part of the program, incentives are provided for investment in priority development activities/sectors, including: An exemption from import duties and VAT levied by customs authorities on technological equipment, components, and spare parts imported into Belarus for exclusive use in implementing a relevant project; An exemption from land tax on land plots used for the construction of facilities for relevant projects; and An increased investment deduction of 150% for the initial cost of fixed assets for...