Belarus set to abolish several tax benefits in 2016

In 2016, the range of businesses with a simplified system of taxation will be reduced. This is provided in the bill on amendments to the Tax Code. This was announced on December 11 by the Deputy Minister for Taxes and Duties Ella Syalitskaya.

Simplified tax in the new year will be only paid by entrepreneurs with real estate area under ​1,000 square meters. In addition, for businesses the revenue limit (from 13.7 billion to 1.5 billion rubles), which makes it possible to apply the simplified taxation system will also be reduced. Preferential taxation will also be canceled for online merchants.

Ella Selitskaya said that the Ministry considers these activities as high-yielding. "Therefore, such persons shall enjoy the general regime of taxation."

Also next year will be abolited the tax exemptions for natural persons, who have won the money by gambling. Higher taxes on business profits will be paid by enterprises selling agricultural products.

Abolished will be exemptions on VAT for services of the power supply and gas supply organizations for the needs of the population.

Photo: belta.by