Belarus extends tax incentives for the crypto industry until 2025
The presidential decree obliges the leadership of the High-Tech Park to develop a concept for the development of the token sphere by July of next year
29.03.2023 - 11:15
340
3 min
0
What’s new? On March 28, Belarusian President Alexander Lukashenko signed Decree No. 80 “On Certain Issues of Taxation,” which extends the effect of tax preferences in the crypto sphere until January 1, 2025. The document also provides for the elaboration of a concept of further development of the digital sign sphere in the country until July 1, 2024. This is reported on the official website of the President.
What else is known? The preferences were previously introduced by Decree No. 8 of December 21, 2017 “On the development of the digital economy.” The preferences apply to residents of the High-Tech Park of Belarus, which has a special framework regime and allows the circulation of cryptocurrencies. Before signing the decree, these preferences were valid until January 1, 2023.
According to Decree No. 8, until January 1, 2025, there will be no value-added tax, income tax, and personal income tax on mining, creation, acquisition, and disposal of digital signs (tokens) for Belarusian rubles, foreign currency, electronic money and (or) through the exchange for other tokens. In addition, the decree stipulates an obligation for the administration of the High-Tech Park to create a concept for the development of the token sphere, including taxation issues, by July 1, 2024.
Russia’s Ministry of Finance supports the tax rate for miners in the amount of 7-20%
At the moment, the deputies are discussing various taxation options — from the UTII to the income tax
On February 14, 2022, Lukashenko signed a law allowing the free circulation of cryptocurrencies in the country and also envisioning the creation of a registry of virtual wallet addresses used in illegal activities. On May 17, a resolution of the Ministry of Justice came into force, according to which the authorities conducting criminal proceedings must keep records of seized/arrested cryptocurrencies. Also, the document reported that the confiscated digital assets should be sold.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 095
BTC
-1.29%
-
Ethereum
$3 082.94
ETH
-2.99%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.06
XRP
-8.78%
-
Dogecoin
$0.361335
DOGE
-3.09%
-
Cardano
$0.729129
ADA
-4.98%
-
Bitcoin Cash
$433.21
BCH
-8.32%
-
Polkadot
$5.49
DOT
-4.61%
-
Litecoin
$86.77
LTC
-10.41%
-
Stellar XLM
$0.194331
XLM
+0.93%