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Belarus Planning Tax Changes to Offset Lost Revenue Due to COVID-19

23 December 2020

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Proposed Changes

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Belarus

On 17 December 2020, the Belarus Ministry of Finance reportedly introduced planned tax measures in parliament that are intended to help offset the loss of government revenue due to the COVID-19 pandemic. The planned tax measures include: A temporary increase in the corporate tax rate for mobile operators from 18% to 30% in 2021 and 2022; An increase in the corporate tax rate for pawn shops from 25% to 30%; An increase in the personal income tax rate from 9% to 13% for employees of companies in the High Technologies Park and the China–Belarus Great Stone Industrial Park; An increase...