Belarus Gazettes Decree Amending Corporate Income Tax Deduction, VAT Exemptions for Electric Vehicles

The Belarusian Official Gazette Dec. 13 published Decree No. 428, amending the corporate income tax deduction and VAT exemptions for electric vehicles (EVs). The decree includes measures extending to Dec. 31, 2028, from Dec. 31, 2025: 1) the corporate income tax deduction for costs incurred to acquire, reconstruct, modernize, or repair EVs; 2) the VAT exemptions for specified EVs imported by legal entities for use in business activities, automotive components imported by domestic EV manufacturers, and turnover from domestic sales of EVs; and 3) the VAT exemption for qualifying EVs imported as goods for personal use by individuals, including nonresidents ...