Proper withholding of income tax from payments to owners of companies is an important aspect of financial and legal discipline, which helps to prevent problems and maintain trust between owners and the company, as well as eliminates questions to the company from the fiscal authorities. Payments to business owners upon their removal from the list […]
Salary payment issues are related to employee loyalty and are controlled by government agencies. Since January 1, 2024, there have been changes in the procedure for paying salaries in Belarus. In order to prevent employee complaints and inspections by government agencies, it is important for employers to follow a certain procedure. We recommend that you […]
Private clients often wonder whether it is possible to have yuan in Belarus, whether it is possible to put them in a bank (open a deposit account) and how financially profitable it is — what interest banks offer on deposits in yuan. Features of bank deposits in Belarus Individuals can put their money in a […]
Many people consider investing in foreign currencies as a good way to save and increase their savings in order to use them for important financial decisions in the future. At the same time, it should be understood that such an investment is subject to currency risks, so the decision to open a bank account in […]
The accounting service for IT companies in Belarus provides specialized accounting services, tax support and financial consulting, as well as personnel records management. Our accountants speak English and have extensive experience in interacting with financial institutions on money transfers to Belarus. Taking into account the specifics of IT companies’ activities, our service provides companies with […]
In Belarus, an individual can open a bank account not only in the national currency – Belarusian rubles, but also in euros. You can open a bank account yourself or with the help of consultants who will guide you on the terms of opening and servicing euro bank accounts in Belarusian banks. General conditions to […]
As a general rule, resident companies of the Hi-Tech Park are exempt from income tax, except when they perform the duties of a tax agent. However, there are transactions that you need to pay attention to in order to prevent non-payment of income tax. How much is the income tax paid on The amount from […]
Investors and owners of companies-residents of the Hi-Tech Park enjoy more preferential conditions for receiving dividends than owners of companies that do not belong to the residents of the Hi-Tech Park. The article discusses the taxation regimes of dividends that resident companies of the Hi-Tech Park pay to individuals and companies, residents and non-residents. What […]
Foreign companies seeking to expand in the Republic of Belarus, first of all need to open an account in a local bank. Next, you will find a complete guide to the paperwork, the steps that need to be taken to open an account without difficulty. Types of accounts for global level businesses A foreign legal […]
In the current daily changing circumstances, the urgent issue is the safe transfer of money to Belarus from abroad. This topic is especially relevant for freelancers and the IT industry working for export. It is important to note that there are still enough options for a quick transfer of money through banks in 2023. In […]
We reveal interesting details on the latest report of the National Statistical Committee on wage trends in Belarus for August 2023. According to Belstat, the average salary of Belarusian workers for August 2023 was 1962.4 rubles. This marks a significant increase of 29.3 rubles compared to the previous month. Regional Disparities It should be noted […]
The main advantages of High-Tech Park in the field of taxation The Decree of the President of the Republic of Belarus “On the Development of the Digital Economy” added a number of tax benefits for the residents of the Park of High Technologies. Thus, HTP residents are exempt from value added tax when purchasing intellectual […]
