Higher taxes on expensive property are expected to bring Belarusian local budgets about 20 million rubles, according to Tax Minister Dmitry Kiyko’s remarks on STV, reported by Zerkalo.
The minister said owners would make their first payments under the new rates in 2027. Rates for expensive properties will be two to three times the standard levels.
The revenue figure is a ministry estimate, not money already collected. It concerns the increased tax burden on expensive property.