Forms of individual income (property) tax return

The following forms of individual income (property) tax return1 are provided for in the Republic of Belarus 

STATUTORY ANNUAL INCOME TAX RETURN OF INDIVIDUALS – BELARUSIAN TAX RESIDENTS

ONE-TIME INCOME TAX RETURN OF INDIVIDUALS NOT RECOGNIZED AS BELARUSIAN TAX RESIDENTS  

INDIVIDUAL INCOME AND PROPERTY DECLARATION AT THE REQUEST OF BELARUSIAN TAX AUTHORITIES

GROUNDS: Tax Code of the Republic of Belarus (Special part) as of December 29, 2009 No. 71-З (as amended on December 30, 2018), Article 222.

GROUNDS: Tax Code of the Republic of Belarus (Special part) as of December 29, 2009 No. № 71-З (as amended on December 30, 2018), Article 218.

GROUNDS: Law of the Republic of Belarus as of 04.01.2003 No. 174-З (as amended on 15.07.2017) “On declaration by individuals of income and property at the request of tax authorities”

INCOME TO BE DECLARED: indicated in Article 219 of the Tax Code of the Republic of Belarus (see additionally: http://www.nalog.gov.by/ru/kto-doljen-predostavit-nalog-declaraty/)

INCOME TO BE DECLARED: in the cases provided for in Article 218 of the Tax Code of the Republic of Belarus

INCOME TO BE DECLARED: indicated in Articles 5 and 6 of the above mentioned Law, in Article 220 of the Tax Code of the Republic of Belarus 

DECLARATION DEADLINE: no later than 31 March of the year following the tax period which has ended (individuals - Belarusian citizens travelling outside for permanent residence, - on grounds of a notice from the tax authority) 

DECLARATION DEADLINE: to the tax authority at the place of assumed receipt of income (when selling real estate, at the location of such real estate) before sale of goods (work, services), other property, leasing or other use of property located in the Republic of Belarus

DECLARATION DEADLINE: no later than ten business days after receiving by an individual of the request to file the income and property declaration (the deadline for filing the declaration can be extended by the head of the tax authority upon request of an individual)

DUE DATE FOR TAX PAYMENT: no later than 1 June of the year following the reporting tax period, on grounds of a notice from the tax authority (individuals - Belarusian citizens travelling outside for permanent residence, - no later than fifteen days from the date of delivery of the notice, but no later than the day of departure for permanent residence outside Belarus)

DUE DATE FOR TAX PAYMENT: prior to sale on grounds of a notice from the tax authority (when selling real estate, within five business days from the date of receipt of such a notice)

DUE DATE FOR TAX PAYMENT: an individual’s income calculated on the basis of the excess of expenditure over income is subject to taxation, and income tax is to be paid no later than 30 days after receiving the notice from the tax authority

1A special form of statutory declaration of income and property by public officers and other officials and their relatives in accordance with the Law of July 15, 2015 No. 305-3 “On Combating Corruption” is not considered in this article.

    WHAT IS IMPORTANT TO KNOW AND TAKE INTO CONSIDERATION

  • Despite the fact that the income and property declaration is filed at the request of tax authorities for the last calendar year, information on the property owned is indicated only in relation to the property that the taxable person owns on the right of ownership as of the date of filing.
  • Works of art, precious metals and precious stones, articles made therefrom, with value exceeding two thousand basic units each as at the date of acquisition, are to be included in the income and property declaration filed at the request of tax authorities.
  • Income from alienation for compensation of inherited real estate is exempt from income tax for a period of five years regardless of frequency of their alienation and is not included in the annual income tax return.
  • Individuals who received income from sale or other alienation of a share or equity interest (or part thereof) in the authorized capital of a legal entity to another individual shall file the annual income tax return.
  • Individuals recognized as tax residents of the Republic of Belarus in the reporting year (who were physically present in Belarus for a period of more than 183 days in the year) who received income from abroad or abroad in the reporting year shall file the annual income tax return.

PROFESSIONAL SERVICES

Tax returns and Protecting Interests of Individuals

  • Consultations on legal formalization of income and property within declaration
  • Preparation of explanations, inquiries to tax authorities to clarify legal position
  • Representation and protection of interests of the taxable persons (members of their families) before tax authorities
  • Collection and preparation of necessary information and documents for filling in and filing tax returns
  • Filling in tax returns and annexes thereto 
  • Other assistance to the concerned persons (members of their families) for  the purposes of income and property declaration

UHY BusinessCollegia LLC (www.uhy-bc.by) is a full member of the international UHY network of legally independent accounting and consulting firms

Tel. +375 (17) 287-81-88, +375 (17) 287-80-77, E-mail: info@uhy-bc.by, https://t.me/businesscollegia