To the law on investment again

Deputies of the Committee for the Development of Entrepreneurship and Industry returned to discussing a package of legislations related to state support for investment activities.

We will remind: the legislations developed by the government were adopted by the parliament in the first reading on February 28. The basic law-in-draft is aimed at regulating relations related to investments, determines the legal, organizational and economic bases for implementing investment activities in our republic. As measures of state stimulation of investment activity, it is envisaged to reduce the taxable base for corporate income tax, establish preferential rates of unified social tax. In addition, there are prescribed benefits for payment for land, the provision of investment subsidies.

Earlier, a package of legislations became the subject of discussion at a meeting of the Consultative Meeting of the first Pridnestrovian deputies. The founders of the republic expressed confidence that the law is necessary, but it needs further elaboration. During the month, amendments were made to the profile parliamentary committee. In addition to the first Pridnestrovian deputies, all interested parties joined the discussion of the document: representatives of business, public organizations. By the second reading, about 200 amendments had been submitted, most of which managed to reach a consensus.

According to the founders of the republic, it is necessary to clearly define the norms of direct action, and not referral ones in the basic law.

The same position was expressed by business representatives. The lawmakers took this request into account. Among the significant differences from the original version the law-in-draft is the mechanism for providing state support and the amount of investments.

Members of the committee proposed a three-stage support system: if the amount of investment is between 200 and 500 thousand euros, support will be provided for up to 5 years; from 500 thousand to 1 million euros - up to 7 years; an investor who will invest more than 1 million euros, will receive preferences for up to 10 years.

It was not possible to achieve common opinion. In general, parliamentarians recommended the package of legislations for adoption in the second reading. The final decision will be taken by the deputy corps in the course of tomorrow's plenary session.