Belarus ranked 57th among 189 countries in World Bank Group’s Doing Business-2015 Report
The country’s efforts to simplify its taxation procedures for companies have been praised, including the electronic system for filing and paying contributions to obligatory work accident insurance, and simplified filing of corporate income tax and value added tax. According to Valentina Saltane, the World Bank Group’s Private Sector Development Specialist, tax reform is helping Belarus significantly improve its position (from 107th to 60th). Meanwhile, she notes, “Belarus holds 3rd place in property registration, while occupying 7th in enforcing contracts.”
Belarus has enhanced its regulation of small and medium-sized enterprises regarding ease of gaining construction permits and promoting foreign trade activity.
Ms. Saltane tells us that Belarus has moved from 63rd position in the Doing Business-2014 report, to 57th place today. Doing Business-2015 is topped by Singapore, with the top ten including New Zealand, Hong Kong (China), Denmark, the Republic of Korea, Norway, the United States, the UK, Finland and Australia. Russia is ranked 62nd, while Kazakhstan is 77th.
