Administration of FEZ "Vitebsk"

In accordance with legislation, the territory of the FEZ Vitebsk has a special legal regime providing for the preferential conditions for business and investment activities, which applies to legal persons duly registered as residents of the FEZ Vitebsk in the following cases:

sales of own products outside the territory of the Republic of Belarus;
sales of own products on the territory of the Republic of Belarus, if it is included in the list of import- substituting goods produced by the FEZ residents and supplied to the domestic market (is abolished since 01/01/2017);
sales of own production to other residents of the free economic zones of the Republic of Belarus.

Tax preferences of the FEZ Vitebsk

All taxes on the territory of the FEZ Vitebsk can be divided into 3 groups:

payments for which they are not carried out;
paid at the reduced rate;
paid at the full rate (taxation of the FEZ "Vitebsk" residents).

Taxes and payments deductions on which are NOT performed.

- Real estate tax;
- Income tax for 10 years from the moment of declaration of profit;
- Exemption from a number of payments related to the implementation of property development
(from paying of land tax for the period of design and construction of works, from payment for the right to conclude a land lease agreement, from compensation payments of plant life objects value).

Taxes and payments paid at the reduced rate.

- Income tax 10 years later after the first profitable year of work is paid in an amount equal to 50% tax rate (9% instead of 18%).

Taxes and payments paid at the full rate.

- Excise duties on manufactured goods;

- Environmental tax;

- Land tax;

- Contributions to the Social Welfare Fund;

- Offshore collection;

- Income tax on individuals of the Republic of Belarus.

Benefits shall take effect from the 1st day of the month following the month of the conclusion of the contract with the FEZ Administration on activity conditions in the FEZ Vitebsk.

Therefore, tax benefits allow the investor to reduce the company's cost loading by 30-40%, as compared to other economic entities in Belarus

Customs preferences in the FEZ Vitebsk.

FEZ residents are exempt from:

import customs duties and taxes when importing foreign goods (equipment, instruments, raw materials and components required to produce the goods established in the investment project) placed under the Free Customs Zone (FCZ) customs procedure to the FEZ territory;
import customs duties and taxes when exporting foreign goods placed under the FCZ customs procedure as well as goods produced from foreign goods placed under FCZ customs procedure outside the Customs Union;
VAT taxes when exporting the goods produced using the foreign good (raw materials and components) placed under the FCZ customs procedure to the EAEU customs territory.

The main document, regulating the implementation of the customs legislation for the FEZ residents, is the Agreement on Issues of Free (Special, Particular) Economic Zones in the Customs Territory of the Customs Union and Customs Procedure of the Free Custom Zone (hereinafter - the Agreement).

The boundaries of the FCZ are defined for every FEZ resident upon application and after that they are allowed to place the imported foreign goods (at the discretion of the resident, as well as the goods of the Customs Union) under the customs procedure of the FCZ.

An FCZ is a customs procedure under which goods are placed and used within the FEZ territory or part thereof duty-free and tax-free as well as without any non-tariff regulation regarding foreign goods and with no prohibitions nor restrictions regarding the the customs union goods.

Features of the FCZ customs procedure, calculations and payments of customs duties and taxes at receiving goods under the FCZ customs procedure.

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Customs preferences in the FEZ Vitebsk.

© 2016 | FEZ "Vitebsk"