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 for buildings, structures, and transmission devices used in business activities, as well costs of investment in their reconstruction; and from 30% to 40% of the initial investment costs for machinery and equipment used in business activities, and...