Tax authorities
Ministry of Finance
7 Sovetskaya St., Minsk 220048
Tel: +8 017 222 61 37
Website: www.minfin.gov.by
Tax rates at a glance
(As of September 2009)
| Corporate profits tax rate (%) |
24 (a) |
| Capital gains tax rate (%) |
24 |
Withholding tax rate (%) (b) |
| Dividends |
15 |
| Interest |
10 (c) |
| Royalties |
15 |
| Freight and Transportation |
6 |
| Capital gains |
15/24(d) |
| Other Income |
15 (e) |
Net operating losses (years) |
|
| Carryback |
0 |
| Carryforward |
0 |
(a) This is the standard profits tax rate. Certain activities are subject to special tax rates and tax incentives are available.
(b) Withholding tax applies to income derived from sources in Belarus by foreign legal entities that do not carry out business activities in Belarus through a permanent establishment. Withholding tax rates may be reduced or eliminated under applicable double tax treaties.
(c) This withholding tax applies to income derived from debt obligations, such as borrowings or loans, that are not formalised by securities.
(d) A 24% withholding tax applies to capital gains derived from securities. A 15% withholding tax applies to all other capital gains.
(e) The Law on Income and Profits Taxes specifies the types of income subject to withholding tax.
Source: Ernst & Young