For the industrial production development

The law-in-draft on introducing additions to the law "On corporate income tax" was submitted to the Supreme Council. As the Minister of Economic Development noted, the law-in-draft was developed in order to create favorable tax conditions for the development of industrial production in the republic.

This will stimulate according to the authors of the legislative initiative the development of the industrial production sector in the republic, increase the number of employees in industrial organizations, increase the wages of employees of industrial organizations, increase tax revenues by increasing industrial production and revenue from the sale of manufactured products, and at the expense of growth in revenues from the so-called "labor taxes" – income tax, unified social tax and compulsory insurance premium.