Taxation of Property in Belarus

Real estate tax is paid by foreigners buying any  property in Belarus. The annual lands tax rate for businesses is calculated as 1% of the buildings or lands value. The Taxation period for real estate is one calendar year. Real estate tax can be paid once a year in the full amount,  no later than March 22nd of that tax year. Alternatively the lands tax can be paid in quarterly installments no later than the 22nd day of the third month of that quarterly period. 25% of the 1% land value tax is due to be paid at each quarterly period. The annual tax rate of real estate for individuals is 0,1% following the same principle at businesses. The income tax is paid by the individual who is selling the property.

Owning residential premises in the Republic of Belarus gives the foreign buyer the opportunity to obtain a temporary residency permit (see article number one of the Statute of the Republic of Belarus. “the legal status of foreign citizens and stateless persons in the Republic of Belarus” states that a temporary residence permit allows foreign citizens to stay within the territory of the Republic of Belarus for more than 90 days but not more than one year).

Permanent residency is granted only for those foreigners who have invested the equivalent of 150 thousand Euros or more .

All in all I hope that the article has helped you to clarify some aspects of obtaining real estate in the Republic of Belarus.

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