Tax relief for renewable energy investors

Source: JOIN IEA/IRENA Policy and Measures Database
Last updated: 13 June 2013

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. 

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