Belarus Tax Ministry Clarifies VAT Amendments

The Belarusian Ministry of Taxes and Duties Jan. 6 clarified amendments to the VAT law, effective Jan. 1. Topics covered include: 1) nonrecognition of VAT on gratuitous transfers, made from Jan. 1, of information systems and related rights by specified taxpayers to state ownership; 2) rules for VAT on medical services using materials, depending on whether tariffs include material costs; 3) clarification of the place of sale for goods stored under the customs warehouse procedure, including VAT treatment for sales to Eurasian Economic Union (EAEU) businesses; 4) cancellation of VAT exemptions for short term residential leases, factoring operations, insurance brokerage ...