A large-scale evaluation of the effectiveness of tax incentives will be arranged in Belarus in 2020-2022, BelTA learned from Belarusian Tax and Duties Minister Sergei Nalivaiko on 31 January.

The official said it is time to revoke the incentives that fail to produce the desired effect in order to secure budget revenues, including due to the current external conditions. A large-scale evaluation of the effectiveness of the current stimulating tax incentives will be arranged in 2020-2022.

With this in mind the Tax and Duties Ministry, the Finance Ministry, and the State Customs Committee will soon determine the list of incentives, which effectiveness will be evaluated this year. The government agencies will analyze the taxpayers, which have used the tax incentives, and their resulting performance.

In late 2019 the government authorized a procedure for evaluating the effectiveness of stimulating tax preferences. The tax preferences are designed to accelerate the development of certain categories of taxpayers depending on their economic activity, the kinds of goods and services they make and offer, their property rights, and their location.