Belarusian Tax Ministry clarifies taxation of foreign organizations and transfer pricing rules amid changes to the tax code

On January 6, the Belarusian Ministry of Taxation and Duties clarified the taxation of foreign organizations and transfer pricing rules as part of changes to the tax code. The clarification includes: 1) tax rules for foreign organizations; 2) an overview of the qualifications required for foreign organizations to be considered a permanent establishment; 3) provisions on confirmations of foreign expenditure of foreign organizations; 4) the determination of the different types of taxable income; and 5) a list of transactions to monitor compliance with market prices under the transfer pricing rules. [Belarus, Ministry of Taxes and Duties, 01/06/22]

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