News
Minimum requirement for paying the social tax 2018.
As a rule, the employer pays the social tax for the employee or the official in the extent of the monthly remuneration but not less…
Leinonen Belarus is now open for business in Minsk
Our Minsk office is brand new and fully owned by our parent entity Leinonen Group, and offers the same high-quality accounting, payroll and advisory services…
The absence of a fringe benefit does not automatically give rise to the right to subtract input VAT
An amendment concerning the deduction of input VAT was also made to the Value Added Tax Act (VATA) in relation to the amendment of the…
Taxation of private use of company cars set to change
The taxes paid on the use of an employer’s car for private purposes will depend solely on the power and age of the car in…
Compensation of Sports Expenses from 2018
Compensation is not the employer’s obligation, but an option. It is an agreement between the employer and the employee. Clearly, no law can force employees…
Intragroup loans can bring about tax liability
In the case of intragroup loans, it is still important that they are granted with interest rates that correspond to market conditions. Granting a loan…
Transporting contractual employees to work no longer subject to tax as of August 2017
Pursuant to the effective act, an employer’s expenses made on transporting employees are not regarded as a fringe benefit only if the use of public…
Sickness benefit can now also be paid for the second and third days of sickness without social tax obligation
Pursuant to the effective Occupational Health and Safety Act (OCHSA), an employer must pay an employee a benefit of 70 per cent of the employee’s…
Covering the accommodation expenses of employees will not be a fringe benefit in the future
The intended amendment concerns the part of the Income Tax Act that regulates fringe benefits. A part of the amendment concerns covering the accommodation expenses…