Belarus taxes residents on worldwide income and non-residents on Belarus-source income only. Belarus operates a self-assessment system for corporate tax, with the Ministry of Taxes and Duties conducting post-filing review.
The Belarusian tax year is the calendar year.
20% standard (25% for banks/insurers and companies with taxable profit over BYN 25 million in a reporting period; preferential regimes in the Hi-Tech Park and Free Economic Zones).
Flat 13% for most personal income (16% for individual entrepreneur business income).
20% standard; reduced 10% rate for food, children's goods, and agricultural products; 0% for exports.
An individual is a Belarusian tax resident if physically present in Belarus for more than 183 days in a calendar year. Resident companies are those incorporated in Belarus. Residents are taxed on worldwide income; non-residents are taxed on Belarus-source income.
A non-Belarusian entity has a Belarus permanent establishment through a fixed place of business or a dependent agent habitually concluding contracts in Belarus on the entity's behalf, following the OECD Model Treaty definition as applied under Belarusian domestic law and any applicable tax treaty.
Belarus has no Controlled Foreign Company regime.
Belarus applies a 3:1 debt-to-equity thin capitalization ratio (1:1 for producers of excisable goods) to controlled debt owed to a founder/shareholder holding at least 20% of the company (directly or indirectly) or their related parties. Where controlled debt exceeds the applicable ratio at year-end, interest and certain other payments (fines, and fees for management, consulting, and marketing services) become non-deductible on the excess.
Belarus does not use an elective check-the-box classification system; entity classification generally follows the entity's actual legal characteristics. Belarus does not have a comprehensive ATAD2-style anti-hybrid regime.
No foreign bank account or foreign financial asset reporting regime exists requiring residents to separately disclose foreign accounts; foreign income is reported through the standard annual tax return.
Belarus does not provide a broad participation exemption for foreign dividends in the European sense; relief from double taxation is available primarily through Belarus's foreign tax credit system.
Belarus has a real foreign tax credit regime available to both individuals and companies for foreign tax paid on foreign-source income also taxed in Belarus, capped at the Belarusian tax otherwise due on that income.
Belarus has entered into 68 Double Tax Treaties. Belarus has not signed the OECD's Multilateral Convention (MLI). GSL flags that treaty application with some Western countries has been affected by current international sanctions - the existence of a treaty on paper does not guarantee unaffected practical operation given the current sanctions environment. Belarus also participates in the Eurasian Economic Union, providing special tax and trade arrangements with Russia, Kazakhstan, Armenia, and Kyrgyzstan.