Brest Region Faces Sharp Tax Increase for Individual Entrepreneurs

Single tax rate for entrepreneurs in trade and public catering sphere grew by 12.6%.

The corresponding decision was made by the Brest Regional Council of Deputies on December 16, 2016 year, BelTA learnt from the Regional Inspectorate of the Ministry for Taxes and Duties. Today it is published on the National Legal Internet Portal.

The increase occurred in accordance with the changes in the Tax Code valid since January 1, 2017. Changes relate to individual entrepreneurs engaged in retail trade in goods through retail, Internet shops, catering facilities (except for the sale of alcoholic beverages, beer, cocktails, and tobacco products).

Individual entrepreneurs carrying out activities in the production of goods (works and services) not including Brest, Pinsk and Baranavichy, have a reduction factor of 0.5 to a single tax rate.

It is adopted on the basis of Decree "On Promotion of Business Activities on the Territory of Medium, Small towns, Rural Areas." Similar changes in calculation of single tax rates also apply to foreign citizens visiting the Republic and involved in the retail trade not exceeding 5 days within a month.

The decision of the Regional Council enters into force after its official publication. Thus, payers with the deadline for the tax maturing after 22 January have to pay it under new rates.

It will be recalled that on 19 January it became known about 12% increase of the single tax rate for individual entrepreneurs and natural persons.