Belarus Tax Agency Clarifies Tax Rates On Imports for Businesses, Entrepreneurs

The Belarus tax authority released guidelines clarifying new provisions of the country’s tax regulations related to value-added and unified tax rates on imported goods.

According to commentaries issued March 31 following presidential Decree No. 143, businesses and individual entrepreneurs, subject to simplified taxation and paying the unified tax, are allowed to continue domestic sales of goods imported before July 1, 2014.

These goods can be sold without documents confirming import transactions until Jan. 1, 2016, the guideline said. However, businesses and individual entrepreneurs selling these imported goods must pay the unified tax at a doubled rate.

They also must pay ...