Invoicing and Tax regulation in Belarus

Invoicing Regulation in Belarus

Belarus has specific regulations for invoicing. In a B2B context, commercial books should be signed by both the supplier and buyer. For B2G (Business-to-Government) transactions, invoices should be issued using special government portals. And, in a B2C framework, sales receipts are provided instead of invoices. Enterprises are mandated to give acknowledgment of every transaction by issuing an invoice, irrespective of the nature of the transaction.

Real-time Reporting / Fiscalization in Belarus

All enterprises in Belarus are obligated to abide by the real-time reporting requisites of the state. Every cash transaction must be immediately reported to the fiscal authorities via electronic cash registers installed with a fiscal memory module, as a part of fiscalization. Real-time reporting is mandated for B2C, B2B, and B2G businesses.

E-Invoicing in Belarus

Belarus is progressively moving towards adopting e-Invoicing. It is applicable and mandatory for B2G transactions. The state provides an online portal for issuing and managing e-invoices in all B2G transactions. However, e-Invoicing is not yet obligatory for B2B and B2C business.

VAT/GST/Tax Compliance in Belarus

The country has a Value-Added Tax (VAT) standard rate of 20%. A reduced rate of 10% applies to certain goods and services. VAT applies to all sales in Belarus, including imports. It is necessary for all businesses operating in Belarus, including B2B, B2C, and B2G to comply with the VAT regulations. Belarus does not have GST in place. Tax compliance is a legal obligation for all businesses operating in the nation.

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