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Selling an asset in Belarus? Estimating capital gains tax

Published · 2 min read

How to estimate capital gains tax on shares, property or other assets sold in Belarus: gain, costs, rate and net proceeds.

Key facts

PlaceBelarus
TaxVAT
Standard rate on file20%
Multiply net price by1.2
Tax share of a gross price16.67%
CurrencyBYN

Working out the gain

The taxable gain is usually the sale price minus the purchase price and allowable costs, such as broker fees, legal fees or improvement costs. If the result is negative, you have a loss, which may be offset against other gains depending on the rules in Belarus.

Worked example

Here is the calculation with sample figures. Change any number in the Belarus Capital Gains Tax Calculator to run your own.

Worked example: Belarus Capital Gains Tax Calculator
Purchase priceBYN15,000.00
Sale priceBYN22,500.00
Costs and feesBYN300.00
Tax rate (%)20%
Taxable gainBYN7,200.00
TaxBYN1,440.00
Net amountBYN20,760.00

Rates, allowances and holding periods

Many countries tax gains at a different rate from salary, offer an annual tax-free allowance, or reduce the rate for assets held longer. Some exempt a main home. Because these rules differ so widely, the calculator uses an editable rate that you can set from current guidance in Belarus.

Keep the paperwork

Keep purchase contracts, statements and receipts for costs. Without them, proving your cost basis can be difficult years later.

Quick reference at 20%

Common amounts in Belarus, worked both ways: adding tax to a net price, and extracting it from a price that already includes tax.

AmountTax on net amountGross (net + tax)Net if amount includes tax
BYN10.00BYN2.00BYN12.00BYN8.33
BYN50.00BYN10.00BYN60.00BYN41.67
BYN100.00BYN20.00BYN120.00BYN83.33
BYN250.00BYN50.00BYN300.00BYN208.33
BYN500.00BYN100.00BYN600.00BYN416.67
BYN1,000.00BYN200.00BYN1,200.00BYN833.33
BYN5,000.00BYN1,000.00BYN6,000.00BYN4,166.67

How Belarus compares

Standard rates on file for other countries. A difference of a few points matters most on high-value purchases and on cross-border sales.

PlaceRate on fileCompared with 20%
Azerbaijan18%lower
Bahrain10%lower
Bangladesh15%lower
Belgium21%higher
Bolivia13%lower
Bosnia & Herzegovina17%lower

Using the calculator step by step

  1. Open the Belarus Capital Gains Tax Calculator.
  2. Type your figures into the numbered lines. Results update as you type.
  3. Check the rate field. It starts at 20%; change it if a reduced rate, local surcharge or exemption applies to you.
  4. Read the result on the receipt panel, and use the formula shown under it if you need to explain the figure to a client or colleague.

Key terms

Taxable income
Income left after allowances and deductions, on which the tax rates are applied.
Zero rate
A rate of 0% on a taxable supply. Unlike an exemption, the seller can usually still reclaim tax on costs.
Tax credit
An amount subtracted directly from the tax bill, worth its full face value.
Standard rate
The rate that applies to most goods and services unless a specific reduced rate, zero rate or exemption applies.
Effective rate
Total tax divided by total income, the average rate you actually pay.

Common mistakes to avoid

Run your own numbers. The Belarus Capital Gains Tax Calculator updates as you type and shows the formula it uses.

Frequently asked questions

How is a capital gain calculated?

Sale price minus purchase price minus allowable costs.

What rate applies to capital gains in Belarus?

It depends on the asset, your income and how long you held it. Set the rate in the calculator from current guidance in Belarus.

This article is general information for planning, not tax advice. Rates and rules change; confirm with your tax authority or a qualified adviser.

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