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Belarus President Signs Decree Providing VAT Incentives for Electric Vehicles

Nov. 26, 2021, 5:00 AM

The Belarusian President Nov. 22 signed Decree No. 447, providing VAT incentives for the use of electric vehicles. The decree includes measures providing: 1) a deduction for investments in the reconstruction of electric vehicles and charging stations, applicable through Dec. 31, 2025; 2) an exemption for vehicles imported within five years of production; 3) an exemption for the import of components used to manufacture electric vehicles; and 4) a refund for VAT paid on electric vehicles purchased before Dec. 1, 2021. [Belarus, Office of the President, 11/22/21]

Reference:
View Decree No. 447. View Announcement.