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Is all the money I've earned my net profit?

After paying all taxes, salaries of employees and the necessary amounts to creditors and suppliers, it's time to withdraw net profits

According to the Belarusian legislation, to withdraw your net profit, it is necessary to pay the Government 13% of the company's profit

In addition to this amount, you will have to pay approximately 2% for the bank's services

 

After all these calculations we realize that the tax percentage is rather enormous

But if it wasn't for solving this problem, we wouldn't have written you this post

 

According to the Belarusian legislation, if you do not withdraw net profits for a period of 3 years from the date of their distribution, the rate of this tax is reduced by two times

It almost means 100 percent instead of 13 percent

If you don't withdraw your net profits for 5 years, you won't pay this tax at all

 

You have to pay for banking services only

More about taxes in Belarus

Click on the link