Belarus ratifies agreement with Myanmar on avoiding double taxation

MINSK, 9 April (BelTA) – Belarusian President Aleksandr Lukashenko has signed the law “On ratification of the agreement between the Government of the Republic of Belarus and the Government of the Republic of the Union of Myanmar on the elimination of double taxation with respect to taxes on income and on the prevention of tax avoidance and evasion”, the president’s press service told BelTA.

The international treaty provides for the avoidance of double taxation of income of tax residents of Belarus and Myanmar. The agreement will not apply to certain types of taxes, which have been identified. In Belarus, these are the corporate profit tax and the personal income tax.

The document also establishes the procedure for taxation and the exchange of information between the tax authorities of the two states.