- Belarus extended corporate income tax deductions and VAT exemptions for electric vehicles (EVs) from Dec. 31, 2025, to Dec. 31, 2028.
- Deductions apply to costs for acquiring, reconstructing, modernizing, or repairing EVs.
- VAT exemptions cover specified EVs and components imported by businesses, domestic sales of EVs, and qualifying EVs imported for personal use.
- Criteria for personal use VAT exemptions will be amended starting Jan. 1, 2026.
- The decree takes effect Jan. 1, 2026.
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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