Tax
A 13% income tax with a punitive 25% rate on undeclared income
Personal income tax is 13%, corporate tax rose to 20% in 2024, and standard VAT is 20%. A 25% rate applies to income that the tax authority establishes as undeclared, and High-Tech Park residents enjoy substantial exemptions.
Key rules
- Personal income tax is 13%, and 25% on income identified by the authorities as undeclared.
- Corporate profit tax is 20% from 2024, with higher rates for banks and insurers.
- Standard VAT is 20%, with 10% for food and children's goods.
- High-Tech Park residents are exempt from profit tax and VAT on defined activity.
Governing law
- Tax Code of the Republic of Belarus (2002)General and special parts, amended annually.
- Decree No. 8 on the digital economy (2017)High-Tech Park exemptions.
- Law on the republican budget (annual)Rate changes are made through budget laws.
In practice
The single tax for individual entrepreneurs has been progressively abolished since 2023, pushing most into the simplified or general regimes, which changed the calculus for freelancers sharply.