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Belarus Overhauls Tax Code, Exempts Individual Entrepreneurs from VAT

  • Law No. 327-Z was published in the Belarusian Official Gazette on Dec. 30, 2023.
  • The law aims to overhaul the tax code in Belarus.
  • Individual entrepreneurs will be exempt from VAT on turnover from the sale of goods and property rights.
  • The law will generally take effect on Dec. 31, 2023.

Source: news.bloombergtax.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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