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Belarusian Parliament Presents Draft Law with Amendments to Tax Code, Including e-VAT Payment Monitoring

  • Belarusian Parliament presents draft law with amendments to the Tax Code
  • New concept of unified property tax introduced
  • Changes to rules for monitoring tax compliance of permanent representations
  • Detailed provisions for foreign organizations conducting digital sales of goods
  • Inspectorate of Ministry of Taxes and Levies granted authority to monitor VAT payment by foreign organizations
  • New tax rates established for profit tax and personal income tax
  • Legal entities can opt for simplified taxation system
  • Individual entrepreneurs no longer considered VAT payers

Source: gratanet.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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