VAT incentives:
- A VAT exemption on the import of electrical vehicles into Belarus provided the vehicle is no older than 5 years;
- A VAT exemption on the import of components into Belarus for the manufacture of electrical vehicles; and
- A VAT exemption on the sale of electric vehicles in Belarus, with individuals who purchased an electric vehicle prior to 1 December 2021 allowed to claim a refund of VAT paid limited to 500 base units as on the day of purchase (1 unit = BYN 29 for 2021).
Source Orbitax
Latest Posts in "Belarus"
- Belarus Clarifies VAT Deduction Limits for Crypto-Asset Operators’ Fixed Assets
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- Belarus Extends and Expands Tax Incentives for Electric Vehicles Until 2028
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