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Economy
03 June 2022, 18:18

Belarus government's measures to support enterprises clarified

MINSK, 3 June (BelTA) – Prime Minister of Belarus Roman Golovchenko told reporters about the measures the government intends to implement in order to support enterprises, BelTA has learned.

In his words, this week's government conference hosted by the head of state was comprehensive. The government put forward a number of proposals on updating business operation terms and on providing state support to state-run enterprises and private ones in this complicated period. It was concluded that many of the proposals can be implemented within the authority the central government and municipal authorities already have.

The prime minister stressed that the government started implementing pinpoint measures to support the national economy right after the conference. Some measures will be taken by the central government while some will be implemented by the oblast administrations. “I am talking primarily about fiscal policy measures such as respites and payment by installment of the VAT and the reduction of the VAT reimbursement terms. We intend to radically reduce these terms so that enterprises would not have a cash flow gap due to the payment of the value-added tax,” Roman Golovchenko clarified.

The support measures will also include respites and installment plans for paying import customs duties. The relevant resolution is being prepared.

Municipal authorities are expected to prevent an increase in real estate tax rates for corporations this year. “The Tax Code allows it but that decision was made in slightly different conditions. Now we believe that it would not be advisable,” Roman Golovchenko added.

Apart from that, the decision to prevent an increase in the base rent amount has already been made. Its size in Belarusian rubles is already fixed.

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