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Belarus updates list of high-tech products

MINSK, 9 December (BelTA) – A revised version of the list of high-tech products was adopted by Council of Ministers’ Resolution No.1040 as of 4 December 2013, BelTA learnt from the press service of the government.

The list of high-tech products is compiled by the government and approved by the President. In line with the Tax Code of Belarus, the profits on selling high-tech products are taxed at 10% or exempt from taxes if revenues from selling high-tech products account for over 50% of a company’s total revenues. The tax deductions are aimed at stimulating the production of high-tech goods and raising investments into this field.

“The previous list of high-tech products that was passed by Council of Ministers’ Resolution No. 574 as of 23 June 2012 was revised taking into account the tasks to promote high-tech industries set forth by Belarus’ technology development strategy for the period until 2015. The updated list features only those goods that are manufactured using technologies of the fifth and sixth technological paradigms,” the press service informed.

Upon suggestions of interested agencies and organizations, the list also features goods that passed the state scientific and technical examination and were approved by the State Committee for Science and Technology. These are optical devices, measuring instruments and test equipment, as well as assembly equipment for microelectronics (Planar company), optical devices (Planar, Peleng, Optoelectronic Systems), medical devices, equipment and instruments (TahatAxi), process control systems (Aquar System, Electrotechnical Solutions), radio-navigation equipment (ArmProjectService), spare parts to aircrafts and spacecrafts (Peleng).

With a view to optimizing tax administration, the following products were removed from the list of high-tech goods: Euro-4, Euro-5, Stage-3А, and Stage-3В engines (MMZ), large-size tires (Belshina), loaders, vehicles and special-purpose machines (MTZ, MAZ, Amkodor, Vitstroitekhmash, Seismotekhnika).

In line with Belarus’ technology development strategy for the period until 2015, the fifth technological paradigm features information and communication technologies, biotechnologies, micro- and radio-electronics, robot industry and instrument making, computing machinery and fiber-optic devices, office equipment, medical equipment, pharmaceutical industry, aerospace industry, nuclear energy, gas production and processing. The sixth paradigm includes nano-industry, cell technologies, artificial intelligence solutions, hydrogen power.

The resolution comes into force on 1 January 2014.