Belarusian manufacturers of space equipment exempt from income tax

Organizations working in space engineering and providing services in this industry have been exempt from income tax in Belarus. Space engineering includes the manufacture of onboard instruments, complexes and systems meant for outer space, including devices for the remote sensing of the Earth. The funds released from the use of the tax preferences will be used to do research. The rules will be valid till the end of 2023.

We remind that in September 2018 Belarus is to host the 31st Planetary Congress of the Association of Space Explorers.