Decoding Belarusian Tax Deductions for IPs: A Simple Guide

Tax Deductions for Belarusian Individual Entrepreneurs: A Simple Guide Grodno, Belarus – May 28, 2025 – A recent video by Belarusian finance blogger Svetlana Malinina has shed light on the often confusing world of tax deductions for individual entrepreneurs (IPs) in Belarus. Malinina, known for her accessible explanations of complex financial matters, breaks down the various deductions available, providing clear figures in Belarusian rubles. The video highlights three key deductions: a deduction for the IP themselves (192 BYN per month or 576 BYN per quarter, subject to income limits), a deduction for children under 18 (56 BYN per month per child), and a deduction for specific categories of taxpayers (272 BYN per month). Malinina emphasizes that these deductions reduce the taxable income, not the final tax amount itself. "Don't forget," she states, "that this isn't an amount you don't pay, but rather a reduction in your taxable income." The video's clear explanations and specific examples make it a valuable resource for Belarusian IPs navigating the complexities of tax season. Malinina's straightforward approach is appreciated by viewers, as seen in the video's high like-to-view ratio. The video's popularity underscores the need for accessible financial information for entrepreneurs. Malinina's work provides a valuable service, empowering IPs to manage their finances effectively.