Updated at 11:50,16-10-2017

Tax benefits to be reformed by end of 2015

Euroradio

The tax rates may be lowered after tax benefits are cancelled.

Officials will have to find out whether the current tax benefits are efficient by the end of 2015, Minister of Taxation Syarhei Nalivaika announced on ONT.

It has been decided to leave social and stimulating tax benefits and refuse from individual tax benefits as they hinder competition, the Minister noted. The tax rates may be lowered after the tax benefits are minimized.

There are about 250 tax benefits in the country, Alyaksandr Lukashenka announced on February 16. The budget received about a billion dollars less due to it only in 2013.

"We have so many tax benefits that we can hardly sort them out now.”

Speaking about taxes, most complaints concern pensions and social insurance although our state is socially oriented.