of July 20, 2018 No. 286
About the taxation of the separate income
For the purpose of increase in investment appeal of the Republic of Belarus:
1. Determine that:
1.1. are assessed with tax on the income of the foreign organizations which are not performing activities in the Republic of Belarus through permanent mission for rate in the amount of zero (0) percent the income in type of percent on:
to the credits, loans granted the Belarusian organizations at the expense of the money received by the foreign organizations * from placement of the bonds emitted (issued) them for the purpose of direction such means to these Belarusian organizations in type of loan, loans;
to the bonds of the Belarusian organizations and the government long-term bonds of the Republic of Belarus which are the state debt obligations creating external public debt placed outside the Republic of Belarus;
* For the purposes of this Decree the foreign organizations are understood as the organizations having for the day of charge by the tax agent of the income (payment) determined according to Item 2 of article 148 of the Tax Code of the Republic of Belarus the permanent location in the state with which the Republic of Belarus applies the international agreement providing exchange of information on tax questions.
1.2. condition of application of paragraph two of subitem 1.1 of this Item is submission by the tax agent to tax authority:
the tax declaration (calculation) for tax on the income of the foreign organization which is not performing activities in the Republic of Belarus through permanent mission;
information confirming passing with the bond of the procedure of listing at the exchange outside the Republic of Belarus included in the list of the exchanges * determined by the Ministry of Finance and the Ministry of Taxes and Tax Collection;
1.3. the income of the foreign organizations which are not performing activities in the Republic of Belarus through permanent mission, and the physical persons which are not recognized by tax residents of the Republic of Belarus ** is exempted from performance of works (rendering services) from:
tax on the income of the foreign organizations which are not performing activities in the Republic of Belarus through permanent mission;
the income tax from physical persons.
Turnovers on implementation of works (services) ** are exempted from the value added tax.
* The authentic owners of the organizations providing proper identification - issuers of securities.
** Connected with issue, placement, the address, repayment of the government long-term bonds specified in paragraph three of subitem 1.1 of Item 1 of this Decree taking into account the rights to such bonds, and also with representation of interests of the Republic of Belarus within pre-judicial dispute settlement, in international arbitrations and foreign judicial authorities on disputes between foreign investors and the Republic of Belarus.
2. To Council of Ministers of the Republic of Belarus to take measures for implementation of this Decree.
President of the Republic of Belarus
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