Belarus Tax Ministry Clarifies Taxation of Foreign Organizations, Transfer Pricing Rules Under Tax Code Amendments

The Belarusian Ministry of Taxes and Duties Jan. 6 clarified the taxation of foreign organizations and transfer pricing rules under amendments to the tax code. The clarification includes: 1) tax rules for foreign organizations; 2) an outline of qualifications for foreign organizations to be considered a permanent establishment; 3) provisions on confirmations of foreign organizations’ foreign costs; 4) the determination of various types of income for taxation; and 5) a list of transactions for monitoring compliance with market prices under transfer pricing rules. [Belarus, Ministry of Taxes and Duties, 01/06/22]

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