You are here

Belarus' Tax Ministry proposes tax control cuts for businesses

Tax checks will be held only once in five years - such a rule is contained in the draft Decree submitted for public discussion by the Ministry of Taxes and Duties of Belarus.

Until the end of this week, Belarusians can express their views on the document.

Galina Kovaleva, Ministry of Taxes and Duties of the Republic of Belarus:
Now business entities are checked for tax compliance for the entire period of their economic activities. During this time, economic entities are required to store documents related to the calculation and payment of taxes.

The draft decree reduces this storage period to only five years.

The document is intended to make more transparent the doing business process and reduce the administrative burden on enterprises as well as improve the investment climate.

Belarus' Tax Ministry proposes tax control cuts for businesses