The Belarusian Ministry of Taxes and Duties and Ministry of Finance have issued a letter to clarify the application of the reduced dividend tax rates introduced from 1 January 2019. This includes that the standard tax rate on dividends is maintained at 12%, but a reduced rate of 6% applies where the distributing company has made no distributions in the preceding three years, and an exemption applies if no distributions made in the preceding five years. The letter confirms that these reduced …