An archive photo
MINSK, 3 December (BelTA) – During a regular meeting of the third session of the House of Representatives of the National Assembly of Belarus of the eighth convocation that took place on 3 December, the House of Representatives completed its consideration of the 2026 tax and budget bills, BelTA has learned.
Earlier, on 24 November, deputies adopted bills amending the Tax Code and the 2026 national budget in their first reading.
For the bill “On amending tax laws”, the Standing Commission on Budget and Finance of the House of Representatives, in conjunction with other stakeholders, undertook substantial revisions in preparation for its second reading.
The bill outlines systemic measures designed to improve tax legislation by incorporating the results of its practical application, achieving an optimal level of tax burden on the economy, and further simplifying procedures for calculating and paying specific taxes.
Notably, revisions for the second reading retained the VAT exemption for bank factoring transactions. No similar exemption was extended to other business entities.
A 10% VAT rate was established for fresh apples produced in countries with which Belarus maintains customs control.
Additionally, the income tax exemption on money-back remuneration for non-cash payments (originally stipulated by Decree No. 493 of 16 October 2014) was incorporated into the bill.
The legislation also modifies rates for increased personal income taxation.
For labor and other income, the income tax rate will now be 13% for income up to Br350,000, 25% for income exceeding Br350,000 but not more than Br600,000, and 30% for income over Br600,000.
For dividends, the tax rate will be 13% on income up to Br350,000 and 25% on income exceeding this amount.
Legal and technical recommendations were taken on board.
Photos by Vitaly Pivovarchik
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