In the Republic of Belarus, from January 1, 2024, a monthly standard tax deduction on personal income tax (hereinafter – income tax) has been introduced for young specialists, workers (employees). The tax deduction is provided at the place of work (service). The amount of the deduction for the current year is 860 rubles.

The application of this deduction allows, when determining the tax base for calculating income tax, to “subtract” from total income and leave untaxed an amount of 860 rubles. In essence, a young specialist should have 111.80 rubles more in hand (the very 13% income tax on 860 rubles).

The deduction is provided for the duration of the payer’s status as a young specialist, young worker (employee), i.e., for the entire established period of mandatory work, and continues to be provided for 7 years from the date of graduation from an educational institution upon extension of employment relations with the same employer with whom the mandatory work was completed.

Young specialists, young workers (employees) include graduates who have been provided with a place of work through distribution (redistribution); graduates employed against reserved vacancies; graduates assigned (reassigned) to work in accordance with the procedure established by law; graduates assigned to military service under a contract for military service in officer positions upon graduation from military educational institutions; graduates serving under contract in military positions in military formations, as well as other categories specified in part two of subclause 1.4 of clause 1 of Article 209 of the Tax Code of the Republic of Belarus.

Detailed information on this issue can be obtained from the Department for Work with Taxpayers for the Petrikovsky District of the Inspectorate of the Ministry of Taxes and Duties for the Kalinkovichi District, by contacting in person or by phone 2-70-59.