Belarus has no plans to announce tax vacations

21 марта 2022
It is important for export-oriented organizations to quickly adjust to new markets in order to catch up with export revenues. This was stated by Finance Minister Yuri Seliverstov in "Kommersant". In the beginning of the year, the national budget revenues was at the level of 17% of the annual plan. And in March, it is expected to drop by 10%. This is why we are taking measures to support the real sector and small businesses. A presidential decree has been signed to ensure the stable functioning of the economy. 

As far as tax vacations are concerned, Belarus has no plans to declare them - the current situation will ensure all social obligations regarding salaries, pensions, and benefits.