For realization of investment projects, residents of FEZ are provided with more favorable business conditions than established ones. They include tax, customs preferences and incentives.
FEZ residents get exemption from the payment of income tax, property tax, rent for land. Import of equipment, raw products and materials is carried out without payment of customs duties and VAT. Thus, the taxation for FEZ residents is reduced by 40% in comparison with the nationwide tax burden, which allows to significantly shorten the payback period of projects and increase the profitability of products produced in FEZ.
By the decree of the President of Republic of Belarus, dated September 19, 2017 No. 338 “On tax consulting”, the institute of tax consulting was introduced in the Republic of Belarus as a separate type of business activity.
Detailed information on the activities of tax advisors can be found on the website of the Ministry of Taxes and Duties of the Republic of Belarus.
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