iCalculator™ BY: Belarus Tax Calculators
Welcome to iCalculator™ BY, your comprehensive suite of free tax calculators for Belarus. iCalculator™ has provided free tax calculators for Belarus since 2019. Since those early days we have extended our resources for Belarus to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Belarus Tax Calculator and salary calculators within our Belarus tax section are based on the latest tax rates published by the Tax Administration in Belarus. In this dedicated Tax Portal for Belarus you can access:
Belarus Tax Calculator 2024/25
The Belarus Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Belarus. This includes calculations for
- Employees in Belarus to calculate their annual salary after tax.
- Employers to calculate their cost of employment for their employees in Belarus.
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Overview of Taxation in Belarus
Belarus, located in Eastern Europe, has a tax system that comprises various types of taxes. This system is designed to support the country's social and economic objectives. The following overview focuses on the different types of taxes and compliance aspects in Belarus, offering valuable insights for individuals and businesses navigating the Belarusian tax landscape.
Types of Taxes in Belarus
1. Corporate Income Tax
Corporate Income Tax (CIT) is levied on the profits earned by companies operating in Belarus. This tax applies to both domestic and foreign companies, with specific rules governing the taxation of foreign entities and their Belarusian-source income.
2. Personal Income Tax
Personal Income Tax (PIT) is imposed on the income of individuals. Residents of Belarus are taxed on their worldwide income, while non-residents are taxed only on their income sourced within Belarus. The tax includes wages, salaries, and other forms of personal income.
3. Value Added Tax (VAT)
Value Added Tax (VAT) is a consumption tax applied to the value added at each stage of production and distribution of goods and services. VAT is one of the major sources of revenue for the Belarusian government.
4. Excise Taxes
Excise taxes in Belarus are specific taxes levied on certain goods, such as alcohol, tobacco, and fuel. These are indirect taxes, usually imposed on goods deemed harmful or luxurious.
5. Property Taxes
Property taxes are charged on the ownership of real estate and land. The rates and calculations for property taxes vary depending on the type and location of the property.
6. Social Security Contributions
Employers and employees in Belarus are required to make social security contributions. These contributions fund various social security benefits, including pensions, health insurance, and unemployment benefits.
Tax Compliance and Administration
1. Tax Registration
Businesses and individuals engaged in economic activities are required to register with the tax authorities. This registration is crucial for compliance with the tax laws and regulations.
2. Tax Reporting and Payment
Taxpayers must file regular tax returns and make timely tax payments. The frequency and specifics of tax reporting vary depending on the type of tax and the taxpayer's status.
3. Tax Audits and Inspections
The Belarusian tax authorities conduct audits and inspections to ensure compliance with tax laws. Taxpayers may be subject to scrutiny if discrepancies or irregularities are found in their tax filings.
4. Penalties for Non-Compliance
Failure to comply with the tax laws can result in penalties, including fines and interest charges. In severe cases, legal action may be taken against the non-compliant taxpayer.
In conclusion, the tax system in Belarus encompasses various types of taxes, each with its own set of rules and regulations. Understanding these taxes and the associated compliance requirements is essential for individuals and businesses operating in Belarus. It's important to note that tax laws can change, and staying informed about the latest regulations is crucial for effective tax planning and compliance.