Draft tax reform in Belarus was recently made public by the Belarusian Ministry of Finance. The reform includes changes to transfer pricing and thin capitalization rules, corporate and individual tax rates, and others. The key changes include: Corporate Tax Rates The reduced 9% tax rate on gains from the sales of shares would be abolished A 25% corporate tax rate would be introduced for banks and insurance companies Individual Tax Rate The individual income tax rate would be increased from 12% to 13%, although additional deductions will be allowed Transfer Pricing The scope of the Belarusian transfer pricing rules would...