Belarusians suffocated by taxes like nowhere in the world

• 21.11.2007, 12:05

The World bank and PricewaterhouseCoopers company have held a research to find out in which country the tax system is more favourable for business. It’s most difficult to pay taxes in Belarus. Our country has taken the last 178th position.

Belarus has been included into the same company as Panama, Jamaica, Mauritania, Bolivia, Gambia, Venezuela, Congo.

Belarusian firm has to fill in 124 declarations a year (as compared to one in a computer form in Sweden). It sets obstacles for development of large business, while small and medium-scale business has to turn to half-legal schemes.

China shouldn’t be envied as well (with its 168th position) and India (165th position). Russia takes the 130th position in the rating, giving way to Montenegro, Vietnam and Hungary. And it’s easier to pay taxes in European states and developed countries of other continents, even when they are higher.

The country with the most profitable system of paying taxes exists in such countries as Singapur, Hing Kong, United Arab Emirates, Oman, Ireland, the Saudi Arabia, Kuwait, New Zealand, the Republic of Maldives and Kiribati.

The situation has improved in one third of the countries over the year.