Free Economic Zones
Tax benefits for project in the free economic zone
Exemption from:
Corporate Income Tax (1)
Real Estate Tax (2)
Ground Rent (3)
Land VAlue TAx (4)
Custom Duties (5)
Work and residence permit fees (6)
Compenstion of forestry and agricultural production losses
Corporate Income Tax (1) Real Estate Tax (2) Ground Rent (3) Land VAlue TAx (4) Custom Duties (5) Work and residence permit fees (6) Compenstion of forestry and agricultural production losses
(2) - Exemption from taxation on the territory of FEZ within three years from the date of registration;
(3) - Exemption for the period of design and construction of facilities, but not more than five years from the date of registration. Exemption regardless of the direction of their use (for export and (or) to other FEZ residents);
(4) - Exemption for the period of design and construction of facilities, but not more than five years from the date of registration. Exemption regardless of the direction of their use (for export and (or) to other FEZ residents);
(5) - Exemption from payment of import customs duties and taxes (on raw materials placed under the customs procedure of the free customs zone (hereinafter-FTZ) when exporting finished products outside the EAEU. When goods are placed under the customs procedure of the STZ, the goods are placed and used within the territory of the STZ without payment of customs duties and taxes. VAT exemption-goods placed by FEZ residents under the customs procedure of release for domestic consumption, manufactured (received) with the use of foreign goods placed under the customs procedure of the FEZ;
(6) - Exemption for issuance of special permits for employment in the Republic of Belarus.
Other benefits:
1. Exemption from payment for the right to conclude a land lease agreement.
2. Financing of expenses for the creation of engineering and transport infrastructure at the expense of funds provided in the State investment program and local budgets, in the case the FEZ resident's implements the investment project with the declared investment volume of more than 10 million euros
(3) - Exemption for the period of design and construction of facilities, but not more than five years from the date of registration. Exemption regardless of the direction of their use (for export and (or) to other FEZ residents);
(4) - Exemption for the period of design and construction of facilities, but not more than five years from the date of registration. Exemption regardless of the direction of their use (for export and (or) to other FEZ residents);
(5) - Exemption from payment of import customs duties and taxes (on raw materials placed under the customs procedure of the free customs zone (hereinafter-FTZ) when exporting finished products outside the EAEU. When goods are placed under the customs procedure of the STZ, the goods are placed and used within the territory of the STZ without payment of customs duties and taxes. VAT exemption-goods placed by FEZ residents under the customs procedure of release for domestic consumption, manufactured (received) with the use of foreign goods placed under the customs procedure of the FEZ;
(6) - Exemption for issuance of special permits for employment in the Republic of Belarus.
Other benefits:
1. Exemption from payment for the right to conclude a land lease agreement.
2. Financing of expenses for the creation of engineering and transport infrastructure at the expense of funds provided in the State investment program and local budgets, in the case the FEZ resident's implements the investment project with the declared investment volume of more than 10 million euros
