Belarusian individual entrepreneurs to be able to choose taxation regime themselves

From next year individual entrepreneurs in Belarus will be able to choose the taxation regime themselves: the general system, the simplified system or a single tax. Now the updated version of the Tax Code is being prepared. The document was submitted for public discussion. The main focus is on reducing the fiscal burden on enterprises, simplifying the collection and calculation of taxes. The same approaches are chosen for debt payments. Tax offices will not immediately suspend production, but will give a chance to pay off debts with a delay.

Every three years the effectiveness of tax benefits in Belarus will be estimated. It concerns social, systemic and stimulating preferences.