[World Tax News] Belarus issues tax guidelines for foreign entities operating through PE and more

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World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week.

1. Belarus releases new guidance on the taxation of foreign entities operating through a Permanent Establishment

The Belarus Ministry of Taxes and Duties has released updated guidance on the taxation of foreign organizations conducting business in Belarus through a Permanent Establishment (PE).

The updated guidelines provide clarity and direction on applying the updated Tax Code of Belarus. These guidelines are essential for ensuring compliance with Belarusian tax laws and avoiding any potential penalties or legal consequences. The guidance includes clarification on the following aspects:

(a) Tax obligations of a foreign organization in connection with activities in the territory of the Republic of Belarus through a permanent establishment;

(b) The concept of a permanent establishment of a foreign organization;

(c) Registration of foreign organizations in connection with activities in the territory of the Republic of Belarus through a permanent representative office;

(d) Features for foreign organizations operating in the Republic of Belarus through several permanent representative offices;

(e) Peculiarities submission of tax declarations (calculations) and fulfilment of tax obligations;

(f) Costs taken into account when taxing the profit of a foreign organization operating in the Republic of Belarus through a permanent establishment;

(g) Algorithms of actions when the income of a foreign organization operating in the Republic of Belarus through a permanent establishment is subject to income taxation;

(h) Taxes for which foreign organizations are recognized as tax agents;

(i) Carrying out tax control measures; and

(j) Deregistration of a foreign organization.

Source: Letter No. 4-2-21/00759 of 10 March 2023

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