-
Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
-
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
-
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
-
Cybersecurity
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
-
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
-
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
-
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
-
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
-
Valuations
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.

-
IFRS
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
-
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
-
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.

-
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
-
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
-
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
-
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
-
Transfer pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public

-
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
-
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
Indirect tax snapshot
Please click on each section to expand further:
Value Added Tax (VAT) is the main type of indirect taxation in the Republic of Belarus.
It is a tax on consumption which is applied during the production and distribution process to most goods and services. It is also applied to goods, and certain services, importing to the country. Although VAT is ultimately borne by the consumer by being included in the price paid, the responsibility for charging, collecting and paying it to the tax authority at each stage of the process rests with the business making the supply ie the sale.
A business registered for the tax will charge VAT (output tax) on its sales and incur VAT (input tax) on its purchases (including any VAT paid at importation). The difference between the output tax and the deductible input tax in each accounting period will be the amount of VAT payable by the business to the tax authority. In certain cases, a refund can be claimed.
A transaction is within the scope of VAT of the Republic of Belarus if the following conditions are met:
- the sale of goods from the territory of the Republic of Belarus or certain services
- the import of goods into the territory of the Republic of Belarus
- the purchase of certain services from foreign organizations not operating in the territory of the Republic of Belarus
- the transaction is made by a taxable person. For these purposes, a taxable person is a legal entity, an individual entrepreneur, a trustee, an individual (upon import)
There are four rates of VAT that are applied to goods and services in the Republic of Belarus: the standard rate, the reduced rate, the increased rate and the zero rate. In addition, some goods and services are exempted from the tax.
Businesses that make exempt supplies are unable to claim all of the input tax that they incur, so the VAT paid to suppliers will be a 'real' cost.
Most goods imported into the Republic of Belarus are subject to VAT.
No.
No.
Foreign organizations, when selling services to individuals in electronic form, the place of sale of which is the territory of the Republic of Belarus, calculate and pay value added tax, submit a tax return (computation) to the tax authority of the Republic of Belarus.
The amount of value added tax calculated by a foreign organization when selling services in electronic form to individuals, the amount of value added tax presented to it when acquiring (paid when importing into the territory of the Republic of Belarus) goods (works, services), property rights are not deductible and do not reduce VAT amount.
A calendar quarter is recognized as a tax period, tax returns are submitted no later than the 20th day of the month following the quarter to the Inspectorate of the Ministry of Taxes and Levies for Minsk.
Registration is made with the Inspectorate of the Ministry of Taxes and Levies for Minsk in electronic form through the unified portal of electronic services before the expiration of the quarter when the object of taxation with value added tax has arisen.
No.
VAT returns when selling on the territory of the Republic of Belarus are submitted quarterly or monthly as selected by the payer. Certain categories of payers must monthly submit VAT tax returns: payers who sell telecommunication services.
In respect of importation, payers submit tax returns monthly.
All VAT returns must be submitted within 20 days after the end of the relevant reporting period, together with any taxes payable. VAT returns must be submitted electronically. VAT on importation is paid no later than 20 days after the end of the reporting period, i.e. a month, when selling on the territory of the Republic of Belarus – no later than 22 days after the end of the reporting period (month or quarter).
Late payment penalty may be imposed by the tax authority if VAT returns are not submitted on time, or the related tax is not paid by the due date.
When importing goods from the countries that are members of the Eurasian Economic Union, in addition to the tax declaration, an application for the import and payment of indirect taxes, as well as copies of documents confirming the receipt of goods, is submitted to the tax authority.
Also, with such importation, statistical declarations are submitted to the customs.
In addition, all VAT payers issue electronic invoices that contain information about dispatches, recipients, name of goods, their quantity, cost, etc.
Yes. A range of penalties can be imposed where businesses do not comply with the VAT rules.
Civil penalties and interest can be applied for errors and omissions made on tax returns, or where the tax is paid late. Penalties can also be applied where the business has failed to maintain adequate records, provide information (including additional declarations), or makes repeated mistakes.
Criminal proceedings may be brought in the case of more serious matters.
No.
In addition to execution of documents on hard copies or in the form of an electronic document when dispatching goods, rendering services, VAT payers must issue an electronic VAT invoice (hereinafter – electronic invoice).
VAT invoice consists of six sections:
- section 1 - General section
- section 2 - Supplier’s details
- section 3 - Recipient’s details
- section 4 - Details of the consignor and consignee
- section 5 - Terms of delivery
- section 6 - Data on goods (works, services), property rights.
Section 1 'General section' contains: the number, the date of the electronic invoice, the date of the transaction, the type of the electronic invoice, a link to the original electronic invoice (if necessary), the date of cancellation (if necessary).
Section 2 'Supplier’s details' contains: the status of the supplier, the corresponding characteristics depending on the nature of the transaction (if necessary), the registration number, the name of the supplier, their address.
Section 3 'Recipient’s details' contains: the status of the recipient, the corresponding characteristics depending on the nature of the transaction (if necessary), the registration number, the name of the supplier, their address.
Section 4 'Details of the consignor and consignee' contains: registration numbers and names of the consignor and consignee, shipping and delivery addresses.
Section 5 'Terms of delivery' contains: the date and number of the contract, additional information (if necessary).
Section 6 'Data on goods (works, services), property rights' contains: name, CCЕA code/ TNVED (Customs Commodity Code), unit of measurement, quantity, unit price, cost VAT exclusive, VAT rate, VAT amountcost VAT inclusive, additional data (if necessary).
Electronic invoices must contain the same information as documents in hard copies.
VAT tax returns must be submitted in electronic form.
Electronic document flow of electronic invoices between sellers and buyers is carried out using the Electronic Invoices Portal, which is an information resource of the Ministry of Taxes and Levies. An electronic invoice in accordance with the form and format established by the Ministry of Taxes and Levies is created by the payer directly on the Portal or uploaded as an XML file prepared by the payer.
Contact us
For further information on indirect tax in Belarus please contact:
Vladimir Suzansky |
|
