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Belarus to raise VAT from 20% to 22% in 2014

  • VAT
  • 17 August 2013 | Richard Asquith

Belarus to raise VAT from 20% to 22% in 2014

A new draft tax law is set to raise the Belorussian VAT rate 2% to 22% on the 1 January 2013.

The consumption tax rise is to fund a cut to the corporation tax rate - from 18% to 12%.  The aim is to help local businesses, and boost the export market which delivers much needed foreign currency earnings.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.