Legislation news: Clarification of the Ministry of Taxes and Duties on certain aspects of the application of the investment deduction

The Ministry of Taxes and Duties of the Republic of Belarus has clarified the new rules for the application of the investment deduction starting from January 1, 2025. From January 1, 2025, the investment deduction can be used only in relation to industrial buildings and structures (part 2 of clause 2.2 of clause 2 of article 170 of the Tax Code).

This means that organizations will no longer be able to apply the deduction to administrative buildings, retail or catering buildings, as well as to structures used in these areas. To confirm the purpose of an object, it is necessary to use the information contained in the documents for their registration regarding the purpose of the building or structure (for example, in a technical passport, certificate of state registration).

It is explained that the investment deduction does not apply to parts of property, plant and equipment and cannot be applied to property, plant and equipment the standard service life of which, established by legislation regulating the standard service life of property, plant and equipment, is less than 5 years, and the cost of investments in their reconstruction. In the absence of documentary evidence about the purpose of the building or structure, organizations will not be able to take advantage of the tax deduction.

The Ministry of Taxes and Duties clarified that for facilities with a service life of 5 years or more, the deduction can only be applied to buildings and structures used for the production of products. For example, a deduction is acceptable for buildings intended for the production of vehicles or textiles, but not for car service stations, veterinary clinics or shopping malls.

The clarification of the Ministry of Taxes and Duties “On certain aspects of the application of the investment deduction” (review letter of the Ministry of Taxes and Duties dated 04.06.2025 No. 2-2-13/01969) can be found at the link: Clarifications and comments.