Belarus

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Belarus taxes

This article explains the tax laws in Belarus, this article will educate you on the tax laws for a LLC (OOO) which is the most common company structure in Belarus.

BY taxes resident companies in their worldwide income. The established percentage for offshore income, from our research, but seek professional advice, is 18%. Belarus does not have major incentives to transfer in foreign earned profits from outside the country. Taxes are reasonable in Belarus because general corporate tax is 18%. This ranks Belarus as 58th overall with regards to corporate tax rate worldwide.

The VAT rate in BY is 20.00%, that ranks Belarus as 58th when compared to value added tax rate worldwide. In terms of other taxation, an employer will contribute 34% to the equivalent of a social security fund and an employee will contribute 1%. The overall complexity of the tax system is medium. This is measured by average time to comply with a country's labor tax requirements is as it is 59hours. Contributing to this is the number of yearly labor tax payments, which is 1 in BY.

Thin cap laws are in effect. Thin capitalisation refers to any type of restrictions on companies' debt-to-asset ratios. Dividends received by a Belarus company are taxed at 12%. A dividend is a distribution of a portion of a company profit, determined by the board, to shareholders.Dividends can be one of the following stock, cash, or property. The capital gains taxation rate in BY is 18%. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price.

The interest witholding rate is estimated at 10%. This should be interpreted usually that the taxman expects to withold 10% of payments offshore for on interest payments. The dividends witholding rate is 12% This should be interpreted usually that the tax authorities expects relevant legal entities to pay tax on at least 12% of payments abroad on dividend payments. The royalties witholding rate 15% Which means that the taxman expects relevant legal entities to automatically withhold 15% of payments abroad for royalty payments.
There is no known tax on wealth in Belarus. There are no known inheritance taxes in BY. There are no commonly used credits for innovation spend that include tax relieft in BY.

The above is not tax or legal advice for your company's personal tax obligations. We are able to to reference you to a lawyerin Belarus who can get you an answer. Ready to get started? Click the free consultation button above.

It takes approximately 83 hours to file and prepare documents for a Belarus -.
The corporate tax is approximately 18% which is 62 in the world.

Owners of a company in Belarus are not allowed to carry back a loss and may be allowed to carry forward a loss for 10 years.

The vat rate in Belarus is 20% which ranks 134 in the world.

Patent box
RND credit
Wealth tax
Estate tax
Transfer taxes
Asset taxes
Capital duties
44Tax treaties
18%Offshore Tax
18%Corp rate
-Loss carryback years
83Corporate time
20%VAT rate
18%Capital gains
NoAEOI planned

Read this to learn about incorporating a company in
Belarus

We can help you form a company in Belarus. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Belarus, which is required by law.

We can help you with your incorporations needs for an initial payment of just $1000.

Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.

Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.

Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.

Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.

Belarus Tax Treaties

CountryTypeDate signed
Israel
DTC 2000-04-11
Latvia
DTC 1995-09-07
Singapore
DTC 2013-03-22
Indonesia
DTC 2013-03-19
Russia
DTC 1995-04-21
Sierra Leone
DTC 2013-03-22
Spain
DTC 1985-03-01
Italy
DTC 2005-08-11
Romania
DTC 1997-07-22
Cyprus
DTC 1998-05-29
Estonia
DTC 1997-01-21
Croatia
DTC 2003-06-11
Ukraine
DTC 1993-12-24
Lebanon
DTC 2001-06-19
Czech Republic
DTC 1996-10-14
Austria
DTC 2001-05-16
Netherlands
DTC 1996-03-26
Japan DTC 1986-01-18
Denmark
DTC 1986-10-21
Qatar
DTC 2007-04-03
Slovakia
DTC 1999-01-12
South Africa
DTC 2002-09-18
Azerbaijan
DTC 2001-08-08
Poland
DTC 1992-11-18
Hungary
DTC 2002-02-19
Macedonia
DTC 2005-05-19
Slovenia
DTC 2010-10-06
United Kingdom
DTC 1985-07-31
Finland
DTC 2007-12-18
Bahrain
DTC 2002-10-27
Saudi Arabia
DTC 2009-07-20
United Arab Emirates
DTC 2000-02-27
Switzerland
DTC 1999-04-26
Lithuania
DTC 1995-07-18
Kazakhstan
DTC 1997-04-11
Pakistan
DTC 2004-07-23
Turkey
DTC 1996-07-24
Germany
DTC 2005-09-30
Ireland
DTC 2009-11-03
South Korea
DTC 2002-05-20
India
DTC 1997-09-27
Sweden
DTC 1994-03-10
Belgium
DTC 1995-03-07
China
DTC 1995-01-17

Country Info

National Flag of
Рэспубліка Беларусь (bel)
Республика Беларусь (rus)
Currency
BYR
Area Code
+375
Capital
Minsk
Region
Eastern Europe
Native Languages
Belarusian
Russian