Global VAT & Indirect Tax News

The Belarusian Ministry of Taxes and Duties clarified on 6 February 2026 that fixed assets used by crypto-asset operators are treated as goods for VAT purposes, and that VAT paid on their importation cannot be deducted. The guidance also specifies that fixed assets directly used in token-related activities are subject to non-deductible VAT. This clarification applies to all crypto-asset operators operating within Belarus.