Publications PwC Belarus

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TAX CODE OF BELARUS: 2012 Principal Changes

As from 1 January 2012 a number of amendments to the Tax Code of the Republic of Belarus enter into force. These amendments are aimed at further simplification of Belarusian tax system as well as at easing of tax burden for taxpayers. The following newsletter summarizes principal changes offered by the legislator.

 

   Publications PwC Belarus
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STANDARD CHART OF ACCOUNTS: 2012 Principal Changes

As from 1 January 2012, new Standard Chart of Accounts and Instruction No 50 on application thereof are enacted. The following newsletter addresses principal changes effective in that area.

 

  Publications PwC Belarus
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TAX LOSS CARRY FORWARD IN BELARUS

Starting from 2012 Belarusian companies are entitled to reduce a tax base for corporate income tax (CIT) purposes in the current tax period by losses incurred in previous periods. However, the Tax Code sets out a number of limitations and conditions for application of this privilege. The following tax newsletter addresses basic requirements a company needs to consider while carrying forward tax losses and recording that operation in accounting.

  Publications PwC Belarus
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