The Belarus Ministry of Taxes and Duties has published Letter No. 05-12/1484/2-2-13/01227 of 26 April 2024 concerning the income tax deduction for contributions to innovative development funds by technology parks and park residents. As explained in the letter, technology parks have the right to establish innovative development funds that can be contributed to by the park and its resident legal entities. Contributions to such funds are allowed up to 5% of gross taxable profit for a reporting year, provided that the contribution is made by 22 March of the following year. Contributions may be made from gross income received from...