Belarus President Signs Decree Providing VAT Exemption for Specified Imported Technological Equipment, Parts

The Belarusian President’s Office March 4 signed Decree No. 77, providing a VAT exemption for specified imported technological fixed asset equipment, and related components and spare parts. The decree includes measures: 1) providing the exemption if the equipment or parts are imported from Eurasian Economic Union (EAEU) countries, and if of a type not produced in Belarus; 2) specifying deadlines for claiming the exemption and reporting it to the tax authority; 3) excluding equipment and parts from the exemption if imported for purposes of implementation under specified government-funded or government-guaranteed investment contracts; 4) requiring that the equipment be used for ...