Belarus

Individual - Significant developments

Last reviewed - 30 May 2021

Starting from 2021, as a temporary measure, PIT rate for the High-Tech Park and Industrial Park "Great Stone" companies' employees has been increased from 9% to the standard 13%. There have been no other significant changes in the beginning of 2021. However, the last changes having impact are listed below.

Concept of tax residency

In 2019 the Tax Code introduces a concept aimed at combating 'resident of nowhere' status. If an individual is not a tax resident of any state, one should be treated as a tax resident in Belarus if one has Belarusian citizenship or a residence permit in Belarus.

Tax rates of personal income tax (PIT)

Starting from 2019 year, PIT rates of 6% and 0% are applicable to dividends from Belarusian companies if the profits were not distributed between the shareholders (the residents of Belarus) within the previous three or five calendars years, respectively.

Also, as of 1 January 2021, standard tax deduction and exemption amounts were adjusted for inflation. Please see the Deductions section for more information.