OREANDA-NEWS. August 23, 2007. In 2008 Belarus plans to abolish one of the turnover taxes (1% tax collected from the users of motor roads) and to increase VAT from 18% to 20%, Economy Minister of Belarus Nikolai Zaichenko has said today at a session of the Presidium of the Council of Ministers which considered most important parameters of the forecast of socio-economic development of the country and a draft law on the 2008 budget, reported the Official website http://www.government.by.

According to Nikolai Zaichenko, next year Belarus will continue optimizing the tax system and reducing its load upon the economy. For example, in 2008 the tax burden on the economy will be eased by 0,1 percentage point.