The Belarusian Ministry of Taxes and Duties clarified on 6 February 2026 that fixed assets used by crypto-asset operators are treated as goods for VAT purposes, and that VAT paid on their importation cannot be deducted. The guidance also specifies that fixed assets directly used in token-related activities are subject to non-deductible VAT. This clarification applies to all crypto-asset operators operating within Belarus.
It clarified that fixed assets are treated as goods for VAT purposes and that VAT paid on their importation cannot be deducted by crypto-asset operators.
No, the VAT paid on importation of such fixed assets cannot be deducted.
Fixed assets are considered goods for VAT purposes because money and property rights are not considered goods under the Tax Code.
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