The income declaration for 2010 must be submitted to the tax authorities no later than March 1st

February 25, Minsk /BELTA/. Declarations of income received in 2010 must be submitted to the tax authorities no later than March 1, 2011, the Ministry of Taxes and Duties of Belarus informed BELTA. This obligation applies to individuals - tax residents of the Republic of Belarus who have received taxable income. This includes, in particular, income from other individuals, including income from the sale of a second apartment, a second garage, a second plot of land within 5 years; from the sale of a truck, bus, or a second car within a calendar year; sale of shares to another individual; as well as gifts received in excess of Br17.5 million (500 basic units) per year. Furthermore, a declaration must be filed if individuals received income abroad and/or from outside the Republic of Belarus; income exceeding the limits established by the Tax Code that is not subject to taxation; income in the form of a refund of contributions, including those indexed in accordance with the law, upon termination of construction of apartments and/or individual residential buildings, as well as upon withdrawal from developer organizations before the completion of construction, if a property tax deduction related to the construction and/or purchase of housing was applied to such contributions. This also applies to income in the form of a refund of insurance premiums upon termination of voluntary life and additional pension insurance contracts concluded for a term of five years or more, before the expiration of the five-year period, if a social tax deduction related to the conclusion of such insurance contracts was applied to such contributions. Citizens who received other income, for which tax withholding is not assigned to tax agents, must also file a declaration. In addition, individuals who are entitled to tax deductions (social, property, professional) and for whom the tax authorities are responsible for granting such deductions may also submit a declaration of income received in 2010. Individuals who were physically present in the territory of Belarus for more than 183 days in a calendar year are recognized as tax residents of the Republic of Belarus. Individuals who were physically present outside the territory of Belarus for 183 days or more in a calendar year are not recognized as tax residents of the Republic of Belarus. Declarations are accepted by the tax authorities from 8:00 AM to 7:00 PM on weekdays and on Saturdays from 9:00 AM to 1:00 PM. The declaration can be submitted by the taxpayer (or other obligated person) to the tax authority in person or through a representative, sent by mail with an inventory of attachments, or transmitted using software and technical means.-0-