BELARUS NEWS AND ANALYSIS

DATE:

09/03/2010

Belarus issues five-year tax amnesty

Belarussian President Alexander Lukashenko on Tuesday approved a five-year tax amnesty to encourage the repatriation of funds from abroad and boost the economy, officials said.

Income tax in Belarus, a former Soviet republic lodged between Poland, Russia and Ukraine, is currently at around 12 percent.

The amnesty applies to Belarussian citizens and foreign residents.

Belarus announced a series of reforms last year to reduce the state's huge role in the economy in order to meet the conditions of a 2.23-billion dollar (1.64-billion euro) loan from the International Monetary Fund.

Source:

http://news.ph.msn.com/business/article.aspx?cp-documentid=3932663


Partners:
Face.by Social Network
Face.by