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
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