Single tax on imputed income to be canceled in Belarus on January 1

30 декабря 2020

It was paid by micro-organizations engaged in maintenance and repair of vehicles. It should be noted that organizations, paying a single tax this year, will be able to move to the simplified system of taxation from the next year.

Irina Luferchik, Deputy Head of the Chief Administration of the Ministry of Taxes and Levies of Belarus: "To apply the simplified taxation system the organization must submit a notification about the transition to the simplified taxation system to the tax authorities not later than December 31, 2020. In this case the gross proceeds of the organization for the nine months of 2020 must not exceed 1,538,843 rubles. The number of employees during this period must not exceed 100 persons.

It is possible to switch to the simplified taxation system via a personal account of the taxpayer or by applying to the tax authority according to the prescribed form.