The Belarus Ministry of Taxes and Duties has published Letter No. 4-2-21/00850 of 20 March 2024 concerning the taxation of foreign organizations operating in the territory of Belarus through a permanent establishment. The letter provides guidance in relation to the concepts of permanent establishment, registration obligations in relation to activities performed through a permanent establishment, tax return and other obligations for income tax and VAT, control measures and audits, etc. One of the main changes concerns the applicable tax rate for a permanent establishment, which includes the 20% standard rate along with the addition of the new 25% tax rate...