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FEZ resident is a legal entity or an
entrepreneur registered by FEZ administration who are liable to a special FEZ
law order that includes specific taxation order; currency, customs and other
sort of regulations.
The specific law order has restrictions. Thus, in FEZ "Brest" gambling business, in FEZ "Minsk", "Vitebsk" and "Gomel" trade, trade-purchase activity and public catering are not liable to it. In FEZ "Mogilev" and "Grodnoinvest" the production and realization of exported goods and services as well as replaceable import goods and services experience specific law order according to the list approved by the Government of Belarus.
According to the specific law order a
preferential taxation order exists in Free Economic Zones of Belarus. It
includes legislatively established common privileges for all the organizations
of Belarus as well as additional privileges and preferences for FEZ residents.
So, FEZ residents (except for structural subunits located outside FEZ) experience the following specific law order:
1.
Resident organizations of FEZ
"Brest", "Minsk", "Mogilev",
"Grodnoinvest", "Gomel-Raton" and "Vitebsk" pay
limited taxes and non-tax payments: profit tax, value added tax, excises,
environmental tax, income tax, land tax, state and social insurance fees, state
duties and taxes.
2.
Income tax rates are reduced comparing to
commonly established ones (FEZ "Mogilev", "Grodnoinvest" -
12%, others - 15%).
3.
In FEZ "Gomel-Raton",
"Minsk", "Vitebsk", "Grognoinvest" and
"Mogilev" profits for investments are not taxable.
4.
Privileges with temporal restrictions
such as profit accumulated by the residents of FEZ "Brest",
"Gomel-Raton", "Minsk", "Grodnoinvest",
"Mogilev" and "Vitebsk" due to the realization of goods are
duty free for a five-year period.
5.
After a five-year-duty-free period FEZ
"Brest" residents that provide not less than 70% of production
manufactured in FEZ "Brest" for export purposes pay 50% from an
established for FEZ residents tax rate (7.5 %).
6.
Profits of foreign legal entities (that
do not perform any activity in Belarus through representatives) accumulated
from the residents of FEZ "Vitebsk", "Mogilev",
"Grodnoinvest" and "Brest" from the use or from the right
to use industrial, commercial, scientific experience on dividends and
promissory notes are taxable to 5% lower duty rate in case the international
tax agreement does not provide other conditions.
7.
Dividends paid out by FEZ
"Brest" residents are not taxable during a five year period since the
moment of registration.
8.
FEZ "Mogilev", "Grodnoinvest"
do not pay duties and fees to special purpose budget funds as well as to local
Council of deputes' extrabudget funds.
9.
The tax rate for securities income for
FEZ "Mogilev" and "Grodnoinvest" residents is reduced to 50
% from a commonly established one.