Real Estate Tax

1% (per year) of depreciated cost of capital assets owned or possessed by the payer, as well as from the cost of uncompleted construction projects for which the term of construction fixed for legal entities has expired; 0.1% of the cost of property belonging to any natural persons.

If the organization has been involved in a new construction since July 01, 2005 in excess from planned rate, the rate 2% shall be applied.

• Law of the Republic of Belarus No. 1337-XI I dated December 23, 1991 “On Real Estate Tax”

Tax on Acquisition of Motor Vehicles

5% of the purchase price without taking VAT into account.

The object of taxation is motor vehicle acquisition through purchase, exchange, gratis transfer (gift), transfer as a contribution to the authorized capital, and acquisition under any financial lease contract (leasing).

The tax shall be charged to increase of the cost of fixed assets.

• Law of the Republic of Belarus No. 73-ЗI dated December 23, 1991 “On Road Funds in the Republic of Belarus”

Local Taxed and Duties

Any local taxes and duties shall be introduced by local authorities. In 2006, Law of the Republic of Belarus “On the Budget of the Republic of Belarus for Year 2006” enabled local authorities to introduce six kinds of local taxes and duties.

• Law of the Republic of Belarus No. 617-XII dated February 20, 1991 “On Local Government and Self-Government”;
• Law of the Republic of Belarus No. 81–З dated December 31, 2006 “On the Budget of the Republic of Belarus for Year 2006”