Belarus raises 2021 excise duties on motor fuel 8-fold, introduces tax deduction for some payers
<p> MINSK, Feb 19, PrimePress. Excise duty rates for motor fuels and motor oils will be raised 8 times from the previous level, which certain categories of payers will be subject to tax deduction, in accordance with President Lukashenko’s ordinance #53 of Feb 18, 2021. </p> <p> </p> <p> The ordinance has a retroactive effect and will affect all relations starting Jan 1, 2021. </p> <p> </p> <p> The excise duty rate on motor gasoline other than Euro-5 is set at Br3,849 ($1,485 at the rate of the National Bank of Belarus) per tonne since January 1; Euro-5 gasoline – Br2,389 ($921.716) per tonne; diesel fuel other than Euro-5 – Br1,864 ($719.4) per tonne; Euro-5 diesel fuel – Br 1,475 ($569.14) per tonne. </p> <p> </p> <p> As previously reported, 2021 excise duty rates for motor fuels and motor oils were kept at the level of 2020 ((law No.72-З ‘On Amendments to the Tax Code of the Republic of Belarus’ of December 29, 2020 posted on the National Legal Internet Portal on January 1, 2021). </p> <p> </p> <p> The excise duty rate on motor gasoline other than Euro-5 was set at Br481.08 ($186.54 at the rate of the National Bank of Belarus) per tonne since January 1; Euro-5 gasoline – Br298.59 ($115.78) per tonne; diesel fuel other than Euro-5 – Br233.05 ($90.37) per tonne; Euro-5 diesel fuel – Br184.33 ($71.48) per tonne. </p> <p> </p> <p> Ordinance No. 53 applies a reduction coefficient to excise rates for certain taxpayers in 2021, and it remains at the level defined by Law No.72-З. </p> <p> </p> <p> The taxpayer must meet the following criteria: its main activity is the production of oil products; its fuel sales volume for the tax period preceding the month of shipment (transfer) is at least 50,000 tonnes; it is implementing an investment project for the modernisation of an oil refinery which has explosive technological units of explosion hazard category I. </p> <p> </p> <p> An excise tax deduction is also available to excise taxpayers if the gasoline or diesel fuel they sell is made from oil products purchased (received) from excise taxpayers who meet the above criteria. </p> <p> </p> <p> As previously reported, a similar mechanism for paying excise taxes on motor fuel was in place in 2020. Excise duty rates were increased twice, on 1 March and 1 July, for a total of eight times. The increased rates actually applied to fuel importers, while a reduction coefficient was set for producers and the rates did not increase. End </p>
2021-02-20
Primepress
Belarus raises 2021 excise duties on motor fuel 8-fold, introduces tax deduction for some payers
MINSK, Feb 19, PrimePress. Excise duty rates for motor fuels and motor oils will be raised 8 times from the previous level, which certain categories of payers will be subject to tax deduction, in accordance with President Lukashenko’s ordinance #53 of Feb 18, 2021.
The ordinance has a retroactive effect and will affect all relations starting Jan 1, 2021.
The excise duty rate on motor gasoline other than Euro-5 is set at Br3,849 ($1,485 at the rate of the National Bank of Belarus) per tonne since January 1; Euro-5 gasoline – Br2,389 ($921.716) per tonne; diesel fuel other than Euro-5 – Br1,864 ($719.4) per tonne; Euro-5 diesel fuel – Br 1,475 ($569.14) per tonne.
As previously reported, 2021 excise duty rates for motor fuels and motor oils were kept at the level of 2020 ((law No.72-З ‘On Amendments to the Tax Code of the Republic of Belarus’ of December 29, 2020 posted on the National Legal Internet Portal on January 1, 2021).
The excise duty rate on motor gasoline other than Euro-5 was set at Br481.08 ($186.54 at the rate of the National Bank of Belarus) per tonne since January 1; Euro-5 gasoline – Br298.59 ($115.78) per tonne; diesel fuel other than Euro-5 – Br233.05 ($90.37) per tonne; Euro-5 diesel fuel – Br184.33 ($71.48) per tonne.
Ordinance No. 53 applies a reduction coefficient to excise rates for certain taxpayers in 2021, and it remains at the level defined by Law No.72-З.
The taxpayer must meet the following criteria: its main activity is the production of oil products; its fuel sales volume for the tax period preceding the month of shipment (transfer) is at least 50,000 tonnes; it is implementing an investment project for the modernisation of an oil refinery which has explosive technological units of explosion hazard category I.
An excise tax deduction is also available to excise taxpayers if the gasoline or diesel fuel they sell is made from oil products purchased (received) from excise taxpayers who meet the above criteria.
As previously reported, a similar mechanism for paying excise taxes on motor fuel was in place in 2020. Excise duty rates were increased twice, on 1 March and 1 July, for a total of eight times. The increased rates actually applied to fuel importers, while a reduction coefficient was set for producers and the rates did not increase. End