The bill on tax relations has been adopted in the first reading
The bill "On Amendments to Laws" (on tax relations) was adopted by deputies in the first reading, reports a BELTA correspondent.
Tax policy in 2026 will be aimed at ensuring the sustainable fulfillment of budget expenditure commitments. The Standing Commission of the House of Representatives on Budget and Finance has outlined the basic measures planned for budget revenue consolidation.
These include a differentiated increase in excise tax rates on fuel and tobacco products, taking into account international obligations, and an expansion of the list of excisable goods; indexing of tax rates set in absolute amounts to the projected inflation level in 2026 (land tax, property tax, environmental tax, gambling tax, transport tax, personal income tax).The transformation of certain ineffective tax incentives into reduced rates and the cancellation of ineffective tax incentives are envisaged; bringing the Tax Code into line with current legislative norms affecting various spheres; adjusting the rights of tax authorities in terms of tax control.To fill the revenue side of the budget, it is proposed to increase the coefficients for calculating property tax on expensive real estate owned by individuals and to establish increased rates of income and transport taxes on super-profits and luxury motorcycles.
Within the framework of the proposed changes, the tax burden in 2026 is projected at 25.7% of GDP.Overall, the bill addresses problematic tax issues, taking into account the results of its practical application, further simplifies the calculation and payment of specific taxes, optimizes tax incentives, improves tax administration, and facilitates taxpayers' understanding of the provisions of the Tax Code of Belarus.