On 29 April 2008 Belarus ratifi ed the Agreement on Avoidance of Double Taxation and Prevention of Income Tax Evasion concluded with Finland. The Agreement aims at protection of Belarusian and Finnish citizens and legal entities against the risk of double taxation when the same income is taxable in two states. To this end, the Agreement establishes the procedure for paying taxes on profi t, real estate, income and other taxes in the two jurisdictions.

      The Agreement will become effective when Finland completes all procedures and formalities necessary for the Agreement to enter into effect.

      Additional information: Kiryl Apanasevich e-mail: kiryl.apanasevich@sorainen.com