Tax benefits for companies on the territory of medium-sized, small urban settlements, rural areas.
In order to be able to apply the incentives, commercial organizations of the Republic of Belarus must, first of all, meet two conditions simultaneously:
- be registered in Belarus with a location in a medium-sized or small town, or a rural area;
- carry out activities for the production of goods (works, services) in the territory of medium-sized and small towns and in rural areas.
For reference: the territory of medium, small urban settlements, rural areas is the territory of the Republic of Belarus, except for the cities of Baranovichi, Bobruisk, Borisov, Brest, Vitebsk, Gomel, Grodno, Zhodino, Zhlobin, Lida, Minsk, Mogilev, Mozyr, Molodechno, Novopolotsk, Orsha, Pinsk, Polotsk, Rechitsa, Svetlogorsk, Slutsk, Soligorsk.
SMALL TOWNS
Main benefits
Profit Tax
Exemption for 7 years from the date of state registration for the sale of goods (works, services) of own production
State Fees
Exemption for issue of special permission (license) to implementation of legal and physical persons of separate types of activities, making changes and (or) amendments, prolongation of term of its action
Income Tax
Exemption for 7 years
Custom Duties
Exemption from import customs duties concerning the imported (imported) goods contributed to the authorized Fund, from the date of manufacture which was not more than 5 years and classified according to the unified foreign economic activity commodity nomenclature of the Eurasian Economic Union.
Real Estate Tax
Exemption for 7 years from the date of state registration for buildings and structures
Exemption from Local Taxes and Fees
Other benefits
Other taxes
The right not to assess and pay other taxes, fees (duties)
Suppliers
The right to independently determine suppliers (contractors, executors) or buyers of products, goods (works, services)
Raw materials
Right to independently determine terms, volumes and types of purchased raw materials, components and materials, as well as products, goods (works, services) of own production
Insurance
Right to insure own property interests with insurance organizations, insurance brokers established outside the Republic of Belarus
Reduction coefficients
Regional Councils of Deputies may establish reduction coefficients of no more than 0.5 to the single tax rates
Exchange trading
Exemption from the obligation to conclude transactions on the exchange trading