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A seminar on the taxation features was held in FEZ Grodnoinvest

On February 27, 2024 a business seminar on the taxation features was held at the business center of FEZ Grodnoinvest. The event was organized by the administration of FEZ Grodnoinvest in cooperation  with Grodno regional inspection of the Ministry of taxation of the Republic of Belarus. 

Mr. Dmitry Rozhkov, head of the administration of FEZ Grodnoinvest, opened the event with a welcoming speech and presented current pace of the free economic zone development.

Speaking about the current state of development of the free economic zone Grodnoinvest, I would like to note, that 82 resident - enterprises and 2 residents of the special tourist and recreational park Augustow Canal are conducting its business activities now. During the last two years 11 enterprises with a declared investment volume in fixed assets of about $60 million, have been registered as FEZ Grodnoinvest residents.

In 2022-2023 residents of FEZ Grodnoinvest attracted $380.6 million of foreign investments to finance investment projects, which is 35.2% higher than the average indicator for other FEZ`s of the Republic of Belarus. The volume of foreign direct investment on a net basis amounted to $186.5 million, which is 85.4% higher than the average indicator for other FEZs of the Republic.

Dmitry Rozhkov | Head of Administration of FEZ Grodnoinvest

Representatives of Ministry of taxation of the Republic of Belarus presented a block of information on trends and tendencies of the tax legislation of the Republic of Belarus and last features of direct and indirect taxation. In the framework of the event, the representatives of the resident enterprises of FEZ Grodnoinvest were able to get an expert opinion on a number of relevant issues and specific cases of tax practice.