Special Law to promote software industry
During the last years the ICT sector in Belarus receives strong governmental support and is one of the top-priority economic sectors to develop. Thus, by the special Law, issued in 2005 Belarus Hi-Tech Park was established with the main goal to support software industry.
HTP Belarus provides special business environment for IT business with incentives unprecedented for European countries.
Due to the legislative initiative of the Belarus government, IT companies are exempt from all corporate taxes, including VAT and profit tax, as well as customs duties. That resulted in a fast boost of IT industry in the country. In 2009 the volume of production of software by the Park’s resident-companies grew tenfold compared to the whole country’s software production in 2005. Individual income tax has a fixed rate of 9 % for the employees of Belarus Hi-Tech Park companies.