- Belarusian President signed Decree No. 77 providing VAT exemption for imported technological equipment and parts
- Exemption applies if equipment is imported from EAEU countries and not produced in Belarus
- Deadlines for claiming exemption and reporting to tax authority specified
- Exemption does not apply if equipment is imported for government-funded projects
- Equipment must be used for production or services, parts for repair, modernization, or restoration
- VAT will be recovered for noncompliance with exemption conditions
- Transfer of exempt equipment within one entity not considered a violation of conditions
- Decree enters into force in three months
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.
