Overall "No!" - to taxes on losses

In mid-January, the deputies adopted a presidential initiative to prolong the norms according to which the so-called tax losses does not apply to companies whose revenue from sales of own products is more than 70% in the structure of sales revenues for another year. Manufacturing enterprises in the event of losses at the end of 2015, no longer are required to recalculate the tax base for tax on income subject to five percent return. This initiative, being one of the anti-crisis measures has to support Pridnestrovian producers in economically difficult times.

The question of the feasibility of extending this provision not only on producers, but also on the organization, carrying out work and providing services was raised at the stage of the law-in-draft discussion. Committee on Economic Policy, Budget and Finance today considered the initiative of the President exempting from tax losses following the results of 2015 processors of raw material. It is, first of all, on the sewers and shoemakers. The fact that the latter one needs public support, said the whole last year. The tax rate for the shoe industry companies - the highest of all active in Pridnestrovie. Parliamentarians have taken the initiative in the past year, reducing it by half, but the law was not signed by the President. Therefore, the current measure of support particularly expected.

The Committee decided to recommend to the plenary to accept the proposed amendments to the Law "On Tax on income of organizations" in two readings.