The Committee on Economic Policy continues to work

The authors of a number of legislative initiatives, which were considered by the Committee on Economic Policy, Budget and Finance, are the deputies of the Committee. Parliamentarians Viktor Guzun and Vadim Kravchuk prepared a number of amendments and additions that would eliminate the ambiguous understanding of some norms of the law after the Government applied with a request to interpret the norms of the law “On personal income tax”. We are talking about whether the share contributed to the authorized capital of the organization by an individual is subject to income tax upon withdrawal from the founders or not. The authors of the legislative initiative consider that the income associated with the payment of the actual value of the share (in cash and in kind) of a company participant in the authorized capital of the company, in an amount not exceeding the nominal value of the share of this company participant, fixed in the constituent documents, are not subject to taxation.

The initiative of the deputies in the relevant Committee was supported. The law-in-draft will be submitted to the plenary session in the first reading in the near future.

Another initiative of parliamentarians was considered in preparation for the first reading. We are talking about making additions to the law "On income tax from individuals." The deputies propose to establish that in the event of termination of the employment contract at the initiative of the employer and accrual of payments due to the dismissed employee in the reporting month in accordance with the requirements of the labor legislation of the PMR, standard tax deductions are provided to the taxpayer in respect of each month of the tax period for which these payments were accrued. The addition to the law will allow, according to the authors of the legislative initiative, not only to eliminate uncertainties in understanding the norms of tax law when determining the taxable base for the income of laid-off workers, but also create favorable conditions for exercising the right to receive standard tax deductions. Amendments were considered in the course of the meeting of the Committee, which were prepared by the subjects of the legislative initiative to the law “On Protection of Consumer Rights”. The document is being prepared for consideration in the second reading at the plenary session.

The legislative framework is being adjusted to create effective approaches to regulating relations that arise in the process of purchasing goods (works, services) by consumers from manufacturers, performers, and sellers. The current law is morally obsolete, it was adopted back in 1995 and simply does not meet current realities. Amendments are planned to improve the conceptual apparatus, clarifying such concepts as "consumer", "manufacturer", "performer" and "seller" and to introduce a new article that will regulate the rights and obligations of the manufacturer (executor, seller) in the field of establishing the service life, shelf life of the goods (work), as well as the warranty period for the goods (work). There will be an article in the new version of the law that provides for the consequences of a violation by the seller of the deadline for transferring the prepaid goods to the consumer.