ANNOUNCEMENT 05 Dec 2013In December 2013, the government of Belarus announced a targeted tax change.
NUMBER OF INTERVENTIONS
Decree No. 1042 of 5 December 2013 introduced a list of income tax-exempted locally manufactured innovative products as per point 1.132 of article 140 of the Tax Code of the Republic of Belarus.
Concretely, items with the following announced classification codes as per the Single Nomenclature for Foreign Economic Activity of the Eurasian Economic Union (Customs Union of Russia, Belarus and Kazakhstan in this period) were introduced: 8421, 8427.20, 8429, 8436, 8454, 8456, 8474, 8479, 8701, 8702, 8704, 8707.
Decree No. 1042 entered into force as of 1 January 2014.
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.