Policy status:In Force
Date Effective:2009
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief, Economic Instruments>Fiscal/financial incentives
Policy Target:Multiple RE Sources, Multiple RE Sources>All
Policy Sector:Electricity, Heating and Cooling, Multi-sectoral Policy, Transport
Size of Plant Targeted:Small and Large
URL:http://Налоговый кодекс Республики Беларусь* 29 декабря 2009 г. № 71-З Принят Палатой представителей 11 декабря 2009 года Одобрен Советом Республики 18 декабря 2009 г
Legal References:1)Decree of 6 August 2009 on additional conditions for investment activities, No 10; (amendment) Decree of 6 June 2011. No 4; 2)Tax Code of Belarus of 29 December 2009, No 71-W

Decree on additional conditions for investment activities provides financial incentives for the foreign businesses investing in Belarus. Financial support is not strictly directed for renewable energy projects but they are eligible as well. 

Incentives are as follow:

  • investors have right to deduct full amount of VAT paid on the purchase of goods and property rights;
  • exemption from VAT and income tax in connection with property transfer;
  • exemption from land tax;
  • exemption from rent for land payments provided that land belongs to the state;

Artickles 96, 194 and 207 of the Tax Code of Belarus of 2009 enlist above incentives specificly for renewables. 

Last modified: Thu, 13 Jun 2013 15:07:50 CEST