The Belarus Ministry of Taxes and Duties has published Letter No. 2-2-10/00906 of 20 April 2021 concerning the taxation of profits under financial lease contracts from 2021. The letter addresses changes in the Tax Code with effect from 1 January 2021 that excluded a provision setting the date of recognition of income from transactions that involve the transfer of property under a financial lease contract for the purpose of calculating income tax.
The letter notes that in 2019 to 2020, incom…