January 27 – February 2, 2014

Large taxpayers need a break

The situation has not changed
Large taxpayers need a break

A presidential decree enabled alcohol producers to pay excise duties upon receiving payment for the sold products, which implies that large taxpayers had problems with making payments to the budget.

The decree also aims to prevent the taxpayers from not being able to pay taxes due to insolvency. This solution will stabilize the financial position of companies in the industry, will reduce their demand for loans to pay excise duty to the budget, and will reduce their expenses on loans.

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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.

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