- Fixed assets are considered goods for VAT purposes by crypto-asset operators.
- VAT paid on imported fixed assets used for digital token activities cannot be deducted.
- Non-deductible VAT on fixed assets directly used for token activities is determined by direct invoice.
- For fixed assets used both for token and other activities, non-deductible VAT is allocated based on revenue proportion from each activity.
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.
Latest Posts in "Belarus"
- Importing Goods from Belarus to Kazakhstan: VAT Rules and Tax Calculation
- Belarus Updates Tax Guidance for Foreign Companies With Permanent Establishments, Clarifies VAT and Filing Rules
- Belarus VAT Refunds for Exporters: Procedure, Documentation, Common Pitfalls, and Legal Protection
- Belarus Expands List of VAT-Exempt Imported Technological Equipment and Components
- Belarus Clarifies 2024 VAT Law Amendments: Exemptions, Tax Bases, and EAEU Sales Rules
