Special regime of taxation within the borders of FEZ Gomel-Raton is liberal.

In total a FEZ resident pays nearly 40% of taxes less than the amount of taxes established for the entrepreneurial entities of Belarus.

Specil legal regime is not applied to:

• public catering, gambling business, trade and procurement activity, stock transactions;
• products (works, services) sale, production (execution, rendering) of which is carried out using fixed assets being in property right of a FEZ resident and/or using labour of the employees of a FEZ resident outside FEZ territory;
• banks, non-banking credit/financial and insurance organizations activity;
• products sale which cannot be placed under the customs regulations of a free customs zone as well as separate production types which cannot be placed within free customs zones due to the restrictions or bans established by the government of the Republic of Belarus by agreement with the President of the Republic of Belarus.

The liberality of tax regulation in FEZ consists in:

1. the establishment of reduced tax rates
   
   
2. the limited list of the taxes and dues being collected
   
   
3. the possibility of exemption from profit tax for the period of 5 years, namely:
   
   
   • exemption from profit tax from products(works, services) of own manufacture sale for the period of 5 years from the moment of its declaration including the 1st profitable year;
   • profit amount subject to taxation is reduced by the amount actually invested by FEZ resident into the Republic of Belarus.

FEZ residents are not exempted from real-estate tax on the fixed assets located outside FEZ territories.

Tax, Duty Type	Residents of the Republic of Belarus	Free Economic Zone (FEZ) Residents
1. Profit Tax	18%	Profit tax is calculated and paid at the rate reduced by 50% of the rate established by tax legislation (9% rate). Profit of FEZ residents earned from the sale of products (works and services) of own manufacture is exempted from taxation for the period of 5 years from the date of profit declaration.
2. Value Added Tax	20%	VAT is paid by FEZ residents in the 50% amount of the turnover tax sum from sales at the local market, subject to payment, provided that the goods of the own manufacture sold on the territory of the Republic of Belarus are produced on FEZ territory and are import substituting ones according to the Specification of import-substituting products. The VAT sums released as above are not liable to taxation (charges).
3. Excises	By tax rates for every type of excised products or goods	The same
4. Land Tax (or Land Rent Payment)	Tax rates is calculated according to the cadastre cost of the land plot.	Rent payment rates for land plots is defined proceeding from the cadastre cost of these plots using rations depending on the land functions and purpose of usage.
5. Ecological Tax	By tax rates depending on volumes of: pollutant emissions (dumping); minerals outputs.	The same
6. Real Estate Tax	1% of depreciated cost of fixed production and non-production assets	Not paid for fixed assets (excess construction-in-progress objects) situated on FEZ territory regardless of the above-mentioned assets purpose.
7. Offshore Fee	15% of the amount transferred to non-residents of the Republic of Belarus registered in offshore zones or transferred to the accounts opened in these zones.	The same

On free economic zone Gomel-Raton territory for FEZ resident can be determined free custom zone territory (FCZ).

FCZ has next advantages:

• foreign goods (equipment, tools, raw, materials and components for products production), imported on FCZ territory are not liable to import duties and taxes;
  
  
• while exporting dependent upon FCZ regime goods and own manufacture products out of customs territory of the Republic of Belarus and Russian Federation, export duties are not payed.
  While exporting such goods on the rest part of customs territory of the Republic of Belarus and Russian Federation, they become dependent upon free circulation custom regime and exempt from import duties, VAT and excise tax, in case they simultaneously meet following requirements:
  - the goods are of Belorussian origin;
  - the goods are manufactured by FEZ resident;
  - the goods are importsubstitutional.

Detailed information on custom regulations in FEZ you can find in legislative acts.