Foreign Company Failed to Pay Over 30 Million Belarusian rubles in Taxes While Operating in the Republic of Belarus

The Financial Investigations Department of the State Control Committee of the Republic of Belarus, in cooperation with the Investigative Committee, has identified and suppressed large-scale tax evasion by a foreign company.

It was established that the company effectively conducted business activities in the Republic of Belarus through a permanent establishment, supplying goods to Belarusian business entities while failing to pay corporate income tax on the profits derived from such activities.

The preliminary amount of unpaid corporate income tax exceeds 30 million belarusian rubles. A criminal case has been initiated under Part 3 of Article 243 of the Criminal Code of the Republic of Belarus for tax evasion on an especially large scale.

In order to compensate for the damage caused to the state and to secure potential financial penalties for non-fulfillment of tax obligations, the foreign company has voluntarily transferred more than 60 million belarusian rubles to a deposit account of the Investigative Committee.

Representatives of the foreign company have also expressed their intention to continue conducting business activities in the Republic of Belarus, strictly in compliance with applicable legislation.

A preliminary investigation is ongoing.