Commentary to Ordinance No. 5 of 11 September 2013
On 11 September President of Belarus Aleksandr Lukashenko signed Ordinance No. 5 “On introducing additions and amendments to Ordinance No. 6 of the President of the Republic of Belarus” of 7 May 2012.
The document aims to optimize the system of tax preferences, specify the order and terms of granting tax preferences to commercial organizations and self-employed businessmen registered in the Republic of Belarus located in medium-sized, small towns and rural areas.
In particular, the ordinance envisaged that standalone divisions of commercial organizations will get tax preferences only if they have been set up in medium-sized, small towns and rural areas far from the places where relevant organizations are located.
In line with the document, the exemption of profit tax (for commercial organizations) and income tax (for self-employed businessmen) will not apply to the incomes and profits received due to the alienation of materials, spare parts and components used to execute works or provide vehicle maintenance services.
The document aims to optimize the system of tax preferences, specify the order and terms of granting tax preferences to commercial organizations and self-employed businessmen registered in the Republic of Belarus located in medium-sized, small towns and rural areas.
In particular, the ordinance envisaged that standalone divisions of commercial organizations will get tax preferences only if they have been set up in medium-sized, small towns and rural areas far from the places where relevant organizations are located.
In line with the document, the exemption of profit tax (for commercial organizations) and income tax (for self-employed businessmen) will not apply to the incomes and profits received due to the alienation of materials, spare parts and components used to execute works or provide vehicle maintenance services.