Bookkeeping and tax accounting
Full-cycle accounting and tax compliance in strict accordance with Belarusian legislation, including timely and accurate tax reporting.
Accounting and bookkeeping services in Belarus
Outsourced bookkeeping, payroll and tax reporting for foreign-owned companies and Hi-Tech Park residents in Belarus.
Our clients
Where precision meets trust: accounting for foreign companies in Belarus
Running a company in Belarus means monthly filings, payroll deadlines and a tax authority that expects everything in its own format. Most foreign owners would rather not spend their week on that. We take the accounting function off your desk entirely — primary documents, bookkeeping, payroll, tax returns and statutory reporting.
Whether you are a five-person startup or a subsidiary of a group, the scope is written into the agreement, so you know exactly what is covered. Reporting comes back in the format your head office needs — figures the group can consolidate without redoing them.
Start your IT business in Belarus with our support
Belarus is an easy place to build an IT team and a harder place to keep the paperwork straight. Your first reports fall due in the month the company starts operating — whether or not you have hired an accountant yet.
We set up the accounting policy and the chart of accounts, register the company with the tax authority and the Social Protection Fund, and file on schedule from the first month. If you are heading for Hi-Tech Park residency, we build the books to meet the Park’s reporting rules from the start, so nothing has to be rebuilt later.
Our team: accountants, HR admins, tax consultants
More than 10 years with technology companies — and with the questions they actually ask. How to treat a licence payment. What to do with a contractor sitting in another country. Where development costs belong in the accounts.
The team works with IFRS and Belarusian tax law, and accounting, HR administration and tax advice sit in one place. A payroll question does not get forwarded to a second provider and come back a week later.
Accounting support and tax consulting in Belarus
One agreement, one monthly fee. No per-transaction billing, and no invoice for asking a question.
We follow what changes in tax and currency legislation and tell you before it reaches your reporting or your contracts. And when a transaction raises a real question — a cross-border payment, a licence agreement, a revenue stream nobody has classified yet — you get the position in writing, with the law referenced, rather than a verbal maybe.
Accounting for HTP residents is our core specialisation
We have worked with Hi-Tech Park residents for more than 10 years. Residency brings its own tax regime, its own payroll rules and a separate reporting line to the Park Administration — on top of everything an ordinary Belarusian company already owes.
We keep both running: statutory accounting and tax reporting, and the reports the Park expects from its residents, on schedule and in the Administration’s format. And when an activity sits close to the edge of the permitted list, you hear about it in advance — not after the reporting period has closed.
Employer of Record services in Belarus
Complete employment solution for IT teams in Belarus.
Our accounting services
Recovery of bookkeeping
Bookkeeping recovery in cases of discrepancies, gaps, or non-compliance. We audit existing records, correct errors, bring financial reporting into full compliance with local regulations, and ensure a smooth transition to ongoing, accurate accounting.
Compliance and tax consulting
Advice on the questions that come up in a Hi-Tech Park resident’s accounts: licensing, how development costs are allocated, indirect taxes, cross-border transactions. Given by people who have sat through audits and group reporting for international IT companies.
Payroll services
Full-cycle payroll processing for employees in Belarus — including salary calculation, taxes and social contributions, statutory benefits, and timely, fully compliant payments.
Employer of Record services
Hire employees in Belarus without setting up a local entity. We act as your legal employer — managing contracts, payroll, taxes, and compliance — while you retain full operational control.
Segment accounting
Costs and results tracked by project, product or client — cleanly separated inside one legal entity, and documented so an audit can follow it.
Management services for Hi-Tech Park residents
Dedicated professionals supporting global businesses in the Hi-Tech Park.
Why clients rely on our expertise
Team expertise
Each of our accountants and HR administrators has more than 10 years of professional experience.
Precision accounting
Each of our accountants is also a certified auditor, blending hands-on accounting with rigorous compliance expertise to deliver fully rounded support.
Compliance shield
All activities of our company and our clients are overseen by our tax advisors, who proactively eliminate any potential discrepancies with current legislation and mitigate compliance risks.
Global expertise
Our team has deep experience across global jurisdictions, working with companies in crypto, fintech, blockchain, IT outsourcing, and product development. We actively leverage our extensive GR network to support clients’ business needs and resolve challenges efficiently.
Regulatory integrity
We maintain a strong reputation with the HTP Administration, actively support all Hi-Tech Park initiatives, and contribute regulatory improvement proposals. Our operations are strictly governed by internal compliance protocols aligned with HTP and national requirements.
No single point of failure
Every function has a named specialist and a back-up. Reporting deadlines are met when someone is on holiday, ill, or has left the company.
FAQ
What does accounting for an IT company in Belarus include?
Day-to-day bookkeeping and primary documents, tax returns and statutory reporting, payroll with income tax and Social Protection Fund contributions, and cost accounting by project or product. For Hi-Tech Park residents it also covers the Park’s own reporting. The scope is fixed in the agreement, so it does not quietly grow from month to month.
Do you work with Hi-Tech Park residents?
Yes — they are a large part of our client base. We handle the Park’s tax regime and its reporting requirements, and we also take companies through admission: the application goes to the Supervisory Board and a decision normally takes four to six weeks.
How do you pay employees in Belarus?
Two routes. If you have a Belarusian entity, we run its payroll: salary calculation, income tax at 13%, Social Protection Fund contributions of 34% from the employer and 1% withheld from the employee, and payment to the employee’s account. If you do not have an entity, the employee is hired through our Employer of Record service — Spex is the legal employer and handles the contract, payroll and reporting, while you direct the work.
Do you provide Employer of Record services in Belarus?
Yes. Employer of Record lets you employ people in Belarus without registering a company here: Spex signs the employment contract, runs payroll and files the statutory reporting, and you keep control over tasks, deadlines and who is on the team.
News
VAT Mechanics for HTP Residents Serving Foreign vs Local Clients: Where the Boundaries Actually Sit
Ask a foreign founder what VAT their Belarusian High-Tech Park entity pays, and the answer is almost always the same: “Nothing — we’re exempt.” It is a reasonable belief, and most of the time it produces the right number. But it is the wrong mental model, and the gap between the model and the mechanics […]
Reconciling EOR Invoices Against True Employer Cost: A CFO’s Checklist
Most EOR invoices get paid on trust. One lands at the start of the month, the total is close to last month’s, and someone in finance signs it off before lunch. That holds up right until it doesn’t — until a leaver turns out to have been paid for two months after they left, or […]
Year-End Financial Close for HTP Residents: The Realistic Timeline and Where Things Actually Go Wrong
For a foreign company that has just become a resident of the Belarusian High-Tech Park, the first year-end close can feel like it should be the easy part. The regime removes profit tax on core activity, exempts a wide range of turnover from VAT, and generally rewards residents with one of the lightest tax burdens […]
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