Belarus temporarily cancels some benefits under HTP and “Great Stone” Industrial Park regimes

The income tax rate is increased for employees of company residents of the High Technologies Park and “Great Stone” Industrial Park

From 1 January 2021 the rate of income tax on income under employment contracts with residents of the High Technologies Park and residents of the Chinese-Belarusian „Great Stone“ Industrial Park is 13% (previously – 9%).

This measure was adopted in order to consolidate budget revenues for battling the COVID-19 pandemic.

The new tax rate will be applied through to 1 January 2023.

Source: National legal internet portal of the Republic of Belarus (NLIP) 01.01.2021, 2/2792

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