The special tax regime "Tax on Professional Income" is introduced in Belarus from January 1, 2023.
IMPORTANT!
The transition
to this tax regime
is voluntary.
The advantages of this regime include:
- simplicity of application: it is enough to install and
- register in the "ProfDohod" mobile application;
- favorable tax rates (10 percent and 20 percent, and for pensioners – actually 4 percent and 8 percent);
- no need to submit tax reports and declarations, accounting for income received is carried out by means of generated checks in the "ProfDohod" application;
- the tax is charged by the tax authority, and its preliminary amount is calculated automatically in the application.
The tax rates are set at 10 percent regardless of the amount of revenue received when working with individuals and foreign legal entities. When working with Belarusian economic entities - 10 percent if the income received does not exceed 60,000 rubles and 20 percent of the amount exceeding the specified size
(that is, if the income was 75,000 rubles, then 60,000 rubles will be taxed at a rate of 10 percent, and 15,000 rubles – at a rate of 20 percent).
For individuals, registered for the first time as a taxpayer of the tax on professional income, a benefit is provided in the form of a tax deduction in the amount of 2,000 Belarusian rubles.
It is not necessary for taxpayers to calculate the tax on professional income themselves. The application of the tax deduction, the rate, and other calculation features are fully automated. Tax declarations are also not required.
IMPORTANT! To apply the tax on
an individual with professional income is obligated to use the digital platform – the application "Tax on Professional Income" ("ProfDohod") (software of the Ministry of Taxes and Levies) using a smartphone or computer (including a tablet) connected to the Internet.
An individual who has expressed a desire to switch to the application of the tax on professional income is obligated before commencing activities: to install on their smartphone or computer the application
"ProfDohod"; to inform the tax authority through the "ProfDohod" application about
the application of the tax on professional income.
Detailed information on the application of the special tax regime "Tax on Professional Income" and the use of the "ProfDohod" application can be found on the website of the Ministry of Taxes and Levies on a specially created page "Tax on Professional Income" located in the "Current" section at the link https://www.nalog.gov.by/professional_income_tax/ or by QR codes:
1.What is the tax on professional income?
