Belarus Drops Social Parasite Tax

March 10, 2017 Taxation in Belarus

Social Parasite tax in BelarusMINSK – The Belarus tax for unemployed individuals will not be collected this year, although the tax has not actually been dropped or suspended.

On March 9th the President of Belarus Alexander Lukashenko announced that in 2017 the government would freeze collection of the “social parasite” tax.

The tax, which was adopted in 2015, is required to be paid by any individual taxpayer in Belarus who works less than 183 days in any given year.

The rate of the tax is set at a rate equivalent to approximately USD 250 per year.

Originally the tax was set up in order to compensate the government for the tax revenue losses suffered due to taxpayers’ unemployment.

Any individuals who have already paid their taxes for the 2016 year will be refunded their payment, if they work more than the required 183 days in 2017.

The President emphasised that the tax itself has not been dropped, but only that it will not be collected in the current year.

It is estimated that approximately 470 000 people in Belarus are eligible to pay the social parasite tax.

Tags: