A draft of changes to the Tax Code has been published on the National Legal Internet Portal. The document proposes indexing tax rates and fixed amounts. The changes will affect both individuals and business entities.

What will change?

In indexing, traditional practice takes into account the dynamics of consumer prices, wage growth, and construction costs. The changes may affect the minimum tax rate on self-employment income, transport tax, and property tax on the first apartment.

It is also proposed to review the calculation cost per square meter. This indicator is used when calculating real estate tax. The exact parameters of adjustment will be determined after further consideration of the bill.

Ministry of Finance's position on the reform

Minister of Finance of Belarus Vladislav Tatarinovich had previously told about changes to the tax system for 2027. According to him, the reform will not be radical.

The method of calculation and payment of individual taxes will be clarified in detail. The Ministry of Finance takes into account the practice of applying existing norms to make the mechanism more clear and transparent.

The confirmation of a zero VAT rate for export transportation services will be simplified. The new approach will be linked to existing accounting practices.

The deadline for submitting the annual personal income tax return is planned to shift from March 31 to April 30. It will be allowed to pay the tax up to August 1.

The Tax Code of Belarus is traditionally revised annually. The law is usually signed in the last days of the outgoing year.

The draft project is being prepared by the Ministry of Finance together with the Ministry of Taxes and Customs. The document must undergo two readings in the House of Representatives and receive approval from the Council of the Republic. The final stage will be signing the law by the president.