Belarus May Increase Tax-Free Cashback Amount
21.10.2024 18:55
The Ministry of Taxes and Duties of Belarus proposes to increase the amount of tax-free cashback.
This was announced by Deputy Head of the Ministry of Taxes and Duties Vladimir Mukvich on October 21 at the international forum on banking information technologies “BANKIT-2024”.
The deputy minister's statement is cited by BELTA .
What the Deputy Head of the Ministry of Taxes and Duties Said About Increasing Tax-Free Cashback
Until January 1, 2026, cashback not exceeding 2% of the payment amount is not taxed.
We propose increasing the amount of cashback, which would be exempt from income tax, said Mukvich.
According to him, this would contribute to an increase in the share of non-cash payments.
I think we should return to this issue, ” added the deputy head of the Ministry of Taxes and Duties.
