- Belarus signed Decree No. 428 amending tax incentives for electric vehicles.
- Corporate income tax deductions for EV investments are extended to Dec. 31, 2028.
- The zero percent VAT rate on certain imported EVs is extended and expanded to include citizens, foreign residents, and stateless individuals.
- The VAT incentive applies to EVs under five years old, seating up to 12, powered only by electric motors.
- 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.
Latest Posts in "Belarus"
- Belarus Clarifies VAT Deduction Limits for Crypto-Asset Operators’ Fixed Assets
- Belarus Expands List of VAT-Exempt Imported Technological Equipment and Components
- Belarus Clarifies 2024 VAT Law Amendments: Exemptions, Tax Bases, and EAEU Sales Rules
- Belarus Extends Corporate Tax Deductions and VAT Exemptions for Electric Vehicles to 2028
- The EU Parliament is Set to Increase Tariffs on Imports from Russia and Belarus
