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Indirect Tax Agreement between Belarus and Russia to be Signed — Orbitax Tax News & Alerts

Russia has published an indirect tax agreement with Belarus that was approved for signature on 12 September 2022. The agreement covers the general principles of VAT and excise tax, with the main purpose of harmonizing the tax legislation of the two countries and strengthening tax cooperation. This includes that both countries will bring the tax legislation in line with the agreement by 1 January 2023, including minimum excise rates for specified goods and services, as well as the harmonization of reduced VAT rates and exemptions. Further, the agreement provides for the creation of an integrated system for the administration of indirect taxes.