Belarus Issues Guidance on Tax Changes for 2025

The Belarus Ministry of Taxes and Duties recently published guidance on the various tax changes for 2025. Some of the main changes include the following:

• It is established (clarified) that a branch of a foreign organization constitutes a permanent establishment, which is consistent with the permanent establishment provisions of international tax treaties;
• New limitations on the investment deduction are introduced where the assets' depreciation begins on or after 1 January 2025, including:
  • t…