On 17 December 2020, the Belarus Ministry of Finance reportedly introduced planned tax measures in parliament that are intended to help offset the loss of government revenue due to the COVID-19 pandemic. The planned tax measures include:
- A temporary increase in the corporate tax rate for mobile operators from 18% to 30% in 2021 and 2022;
- An increase in the corporate tax rate for pawn shops from 25% to 30%;
- An increase in the personal income tax rate from 9% to 13% for employees of companies in the High Technologies Park and the China–Belarus Great Stone Industrial Park;
- An increase in the land tax rate for shopping centers from 0.7% to 1.5% of the cadastral value;
- An increase in excise tax rates for tobacco products and alcoholic beverages;
- The revision of the list of food products eligible for the reduced 10% VAT rate; and
- A change in the VAT rate for medication from the reduced 10% rate to the standard 20% rate.
If approved, the measures are to apply from 1 January 2021.