News, 29 March 2023
The Edict No. 80 of March 28, 2023 “On Certain Taxation Issues” extended until January 1, 2025 cryptocurrency tax preferences in Belarus established earlier by Decree No. 8 of December 21, 2017 “On Digital Economy Development” which were in force until January 1, 2023.
Therefore, the following taxes are not subject to taxation until January 1, 2025:
- VAT and corporate profit tax – turnover, income of Belarus Hi-Tech Park residents from mining, creation, acquisition, alienation of tokens (cryptocurrencies);
- personal income tax – income of individuals from mining, creation, purchase (including donation), disposal, exchange of tokens (cryptocurrencies);
- VAT – turnover on token (cryptocurrencies) alienation (including alienation by foreign organizations);
- corporate profit tax – income from alienation of tokens (cryptocurrencies) by exchange (regardless of Belarus Hi-Tech Park status having by legal entity).
The Edict extends its effect to relations that arose from January 1, 2023.
