New approaches to taxation introduced in Belarus

Thus, individual tax rates are changed for the forecasted inflation rate. In addition, the simplified system for individual entrepreneurs remains only with those who are engaged in tourism, medical services, catering, computer programming and transportation of passengers and goods. The rest will pay income tax. Another innovation that is important not only for business: real estate tax will be collected starting from the first apartment in the property. Some innovations will take effect from the middle of the year. For example, from July 1 of this year, foreign companies and entrepreneurs who sell goods in online stores will pay VAT.