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Government exempts imported equipment from VAT if no local alternatives exist: Official list released

  • The government of Belarus has identified a list of imported equipment and components that are exempt from VAT
  • The list includes technological equipment, components, and spare parts exempted from VAT according to the President’s decree
  • A new administrative procedure has been added for obtaining a document confirming the absence of analogs of technological equipment in Belarus
  • The decree aims to stimulate modernization of production and increase economic competitiveness
  • Imported technological equipment, components, and spare parts without analogs in Belarus are exempt from VAT
  • The decree came into effect on June 7, 2024
  • Other news related to VAT exemptions for imported equipment in Belarus can be found on Pravo.by website.

Source: pravo.by

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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