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Belarus Publishes Decree on Improving Special Regime for the Great Stone Industrial Park

15 June 2017

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Approved Changes

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Belarus

Belarus has published Presidential Decree No. 166 of 12 May in the Official Gazette of 25 May 2016. The Decree provides for the improvement of the special regime for the Belarus-China "Great Stone" Industrial Park, including measures to simplify park administration and to expand the tax incentives for companies resident in the park. The tax incentive changes include: A change in the effective start date for the 10-year corporate tax exemption from the date a company is registered to the tax period when a company first generates a gross profit from the sale of goods, works, or services; An extension...