Belarus Is Preparing More Tax "surprises"

They will continue to cut benefits and preferential treatment.

Belarus plans to introduce tax changes in 2027, which will affect businesses, among other things. Officials and the Council for Entrepreneurship Development discussed the planned changes and “issues with the application of tax legislation,” according to "Zerkalo".

“The main focus in preparing the draft amendments to the Tax Code for 2027 was to ensure maximum stability of the tax system and to reduce the number of tax breaks and preferential treatments in order to ensure transparent and equal conditions for economic activity,” — reports the Council for Entrepreneurship Development, citing remarks by Finance Minister Vladislav Tatarinovich. Also present at this meeting was the head of the Ministry of Taxes and Levies (MNS), Dmitry Kiiko.

As a reminder, certain tax breaks for individuals and businesses were already eliminated in 2026.

The Council for Entrepreneurship Development presented officials with several proposals regarding tax policy and administration.

“The meeting participants discussed provisions of current tax legislation regarding the application of an increased corporate income tax rate; the procedure for paying the advertising placement fee; expanding the scope of the investment deduction and increasing its rate for machinery and equipment; clarification of the composition of non-operating expenses; and the application of multiplier coefficients to the land tax rate,” the association specified.

Issues related to tax administration were also discussed at this meeting. “The conditions and procedure for verifying the compliance of foreign trade transactions with related parties with market prices; the indexation of threshold amounts for controlled transactions to the actual inflation rate for 2019–2025; the deadlines and procedure for paying import VAT; and the reduction of the property tax base in the event of the partial dismantling or liquidation of fixed assets,” the association added.

On some issues, officials and the business community were unable to “reach a consensus.” They intend to review these issues at advisory councils under the Ministry of Finance or the Ministry of Taxation.

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