background image

The Republic of Belarus is a land-locked country in Eastern Europe, bordering Russia, Poland, and Ukraine. The Belarusian economy is mainly focused on manufacturing and is largely state-controlled, although foreign investment is promoted through certain business parks and other incentives.

The currency is Belarusian Ruble (BYR).


APA Advance Pricing Agreement
BYR Belarusian Ruble
CFC Controlled Finance Company
CUP Comparable Uncontrolled Price
EAEU Eurasian Economic Union
FEZ Free Economic Zone
GAAR General Anti Avoidance Rules
HT Park High Tech Park
JSC Joint Stock Company
LLC Limited Liability Company
PE Permanent Establishment
SME Small and Medium Enterprises
TP Transfer Pricing
VAT  Value Added Tax
WHT Withholding Tax