IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2016 | Removal date: open ended
Still in force

Tax or social insurance relief

Decree No. 524 of 1 June 2016 of the Council of Ministers of the Republic of Belarus expanded the list of income tax-exempted innovative products as per point 1.132 of article 140 of the Tax Code of the Republic of Belarus.
 
Concretely, Decree No. 524 introduced items with the following classification codes as per the Single Nomenclature for Foreign Economic Activity of the Eurasian Economic Union: 2844.40, 8429, 8436, 8704, 8803, 8805, 9013, and 9031.
 
The amendments that Decree No. 524 introduced in the original Decree No. 1042 of 5 December 2013 are to enter into force as of 1 July 2016.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

441 Agricultural or forestry machinery & parts
8436 Other agricultural, horticultural, forestry, poultrykeeping or beekeeping machinery, including germination plant fitted with mechanical or thermal equipment; poultry incubators and brooders.
843610 Machinery for preparing animal feeding stuffs
843629 Other
843680 Other machinery
444 Machinery for mining, quarrying & construction; parts
8429 Selfpropelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers.
842911 Track laying
842920 Graders and levellers
842940 Tamping machines and road rollers
842951 Frontend shovel loaders
842952 Machinery with a 360? revolving superstructure
842959 Other
8704 Motor vehicles for the transport of goods.
870410 Dumpers designed for offhighway use
482 Instruments & control equipment, except optical instruments
9031 Measuring or checking instruments, appliances and machines, not specified or included elsewhere in this Chapter; profile projectors.
903120 Test benches
903180 Other instruments, appliances and machines
483 Optical instruments & photographic equipment; parts thereof
9013 Liquid crystal devices not constituting articles provided for more specifically in other headings; lasers, other than laser diodes; other optical appliances and instruments, not specified or included elsewhere in this Chapter.
901320 Lasers, other than laser diodes
901380 Other devices, appliances and instruments
901390 Parts and accessories
491 Motor vehicles, trailers & semi-trailers; parts
8704 Motor vehicles for the transport of goods.
870421 g.v.w. not exceeding 5 tonnes
870422 g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes
870423 g.v.w. exceeding 20 tonnes
870431 g.v.w. not exceeding 5 tonnes

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