Special legal regime of tax regulation
Special regime of taxation within the borders of FEZ Gomel-Raton is liberal.
In total a FEZ resident pays nearly 40% of taxes less than the amount of taxes established for the entrepreneurial entities of Belarus.
Specil legal regime is not applied to:
The liberality of tax regulation in FEZ consists in:
FEZ residents are not exempted from real-estate tax on the fixed assets located outside FEZ territories.
Taxation for FEZ residents within frames of special legal regime
|Tax, Duty Type||Free Economic Zone (FEZ) Residents|
|1.Real Estate Tax||Is not paid|
|2.Motor Vehicles Purchase Tax||Is not paid|
|3.Charge to Republican Support Fund of Agricultural Producers, Food-stuffs Producers and Agricultural Science||Is not paid|
|4.Special Purpose Charge on City (Region) Infrastructure Maintenance and Development||Is not paid|
|5.Special Purpose Charge on Public Transport Renovation and Repair||Is not paid|
|6.Value Added Tax||VAT is paid in a 50% amount of the sum subject to payment provided that the import substituting own manufacture goods sold on the territory of the Republic of Belarus|
|7.Income and Profit Tax||Profit earned from the sale of products and services of own manufacture is exempted from taxation for the period of 5 years from the date of profit declaration. When a 5-year period is over the profit is subject to taxation by the rate reduced by 50% of the rate established by tax legislation that is by 12% rate|
|8.Land Tax (or Land Rent Payment)||Rent payment rates for land plots is defined proceeding from the cadastre cost of these plots with the ration 0,02 but not less than land tax rates of corresponding land category. The rate of land rent payment, calculated at the date of rent contract signing can not be changed during the term of rent contract|
|9.Excises||Tax is subject to taxation by the generally established rate|
|10.Ecological Tax||Tax is subject to taxation by the generally established rate|
|11.Deductions to Population Social Protection Fund||Tax is subject to taxation by the generally established rate|
|12.Income Tax on Natural Persons||Tax is subject to taxation by the generally established rate|
On free economic zone Gomel-Raton territory for FEZ resident can be determined free custom zone territory (FCZ).
FCZ has next advantages: