Belarus Publishes Draft Amendments Clarifying Related Parties, Expanding Appeal Rights, and Other Changes

The Belarusian Ministry of Finance recently published draft legislation that includes a number of amendments to the Tax Code. Main changes include:

• The definition of related parties is clarified to include at least 20% direct or indirect capital ownership;
• The reduced corporate tax rate of 5% on IT-related profits of qualifying members of specified scientific and technological associations is abolished;
• The right to appeal a decision of the tax authority is expanded to include persons affect…