The Belarus Ministry of Taxes and Duties has published Letter No. 4-2-15/00340 of 25 April 2022, which provides guidance to clarify the concept of beneficial ownership for the purpose of claiming treaty benefits (reduced withholding tax or exemption) on dividend, interest, and royalty income. The letter first explains the concept of an actual beneficial owner according to generally accepted international practices, including that a beneficial owner is the person that has direct or indirect p…