BELARUS NEWS AND ANALYSIS

DATE:

24.06.2005, 16.16

Belarus' richest man lives in Minsk, incomes total USD 316,000

MINSK, June 24 (Itar-Tass) - Belarus' richest man lives in Minsk, the Tax Ministry said.

Deputy Minister Alexander Doroshenko did not give his name during the meeting with reporters on Friday, but he said that the man's incomes totaled 680 million Belarusian roubles (about 316,000 dollars) last year, according to his income declaration.

The man was to pay 130 million roubles as taxes for the incomes, the highest in the country in 2004.

Taxes are paid according to the progressive payment scale in Belarus.

More than 3,000 Belarussians paid maximum-rate taxes last year. The annual incomes of each of them exceeded 20,925 roubles (about 9.700 dollars).

It was also established that more than 3,000 people attempted to conceal their incomes.

The average tax rate is 13.2 percent in the country.

The country's tax authorities plan to pay special attention this year to revealing incomes received by Belarussians abroad, including students who go out to earn money during their holidays.

The Belarussian Tax Ministry has agreements with colleagues in 60 countries on information exchanging, Doroshenko noted.

Source:

http://www.itar-tass.com/eng/level2.html?NewsID=2169691&PageNum=0