Belarus Gazettes Tax Overhaul Law

The Belarusian Official Gazette Dec. 30, 2023, published Law No. 327-Z, overhauling the tax code. The law includes measures: 1) applying a 25 percent income tax rate to individual income exceeding 200,000 Belarusian rubles (US$60,547) in a year; 2) increasing the profit tax rate to 25 percent for organizations receiving a profit in excess of 25 million rubles (US$7.5 million) per year; 3) increasing the tax rate to 10 percent from 5 percent on profits from the sale of high-tech goods of own production; 4) introducing an increased tax rate of 30 percent for individual entrepreneurs that exceed the revenue ...