Finance and Banking: how it works in Belarus — first-hand
From real experience
riskWhen using a Belarusian Belkart MIR card in Moscow, expect a commission.
While withdrawals from ATMs linked to Belarusian banks typically incur a 2% fee, Russian banks may charge a different commission. For instance, withdrawing 3000 rubles could incur a fee. It's advisable to check the specific commission rates with both your Belarusian bank and the Russian bank's ATM you intend to use.
✓ 1 report from chats
ruleDeclaring income earned in cryptocurrency as a freelancer in Belarus requires formal registration.
Operating without legal status is considered illegal. To declare crypto earnings, one must register as self-employed ('samozanyaty') or as an individual entrepreneur ('IP'), provided the activity is permitted. This allows for the payment of taxes on a fixed monthly basis.
✓ 1 report from chats
serviceFor checking currency exchange rates in Belarus, consult websites like myfin.by or bank24.by for up-to-date information on rates at exchange offices.
Note that exchange rates offered by Belarusian banks might differ for Belarusian citizens compared to foreigners, with potentially higher rates for non-residents.
✓ 1 report from chats
ruleTransferring money from Ukraine to Belarus can be challenging due to current restrictions.
Common methods mentioned include using third-country bank cards, cryptocurrency transfers, or relying on intermediaries ('help providers'). Direct card-to-card transfers might not be feasible or could be subject to limitations.
✓ 1 report from chats
rulePayment for airline tickets, particularly on Russian airlines, can be made using a "Mir" system card issued in Belarus.
While "Belkart" cards may also be accepted, their compatibility can vary. It is advisable to confirm payment options with the airline or booking platform.
✓ 1 report from chats
riskIn Belarus, if a tax resident requires a certificate of tax residency for the current year and fails to provide it, a 35% tax rate may apply.
This is based on a recent requirement for a certificate for 2025 by accounting departments during employment.
✓ 1 report from chats
how-toRegistration for non-residents in the Belarusian payment app 'Oplati' is active.
Users must visit a Belinvestbank branch in person with their ID to activate the account. Online pre-booking of the appointment is recommended to avoid queues.
✓ 1 report from chats
how-toTo top up a Russian MTS mobile balance from Belarus: 1. Use Sberbank Online.
2. Utilize the ERIP system for transfers to Sberbank. Further clarification on the exact steps for ERIP transfers may be needed.