SMALL TOWNS

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.

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