Regular meeting of the Committee on Economic Policy

Part of the legislations that the deputies of the Committee on Economic Policy, Budget and Finance considered at the current meeting were developed and submitted to the Parliament on the initiative of the business community. For example, amendments to the Law of the PMR “On Accounting and Financial Reporting” relate to the reporting that enterprises in the process of liquidation are required to provide. Such organizations according to the current law do not submit financial statements to the tax authorities, but an interim liquidation balance sheet that indicates information about the property, the results of the enterprise, and some other aspects. The Ministry of Economic Development of the PMR, with the support of the Union of Industrialists, Agrarians and Entrepreneurs, proposes to legislate the specifics of preparing financial statements during the liquidation of legal entities. In particular, to determine what period is considered a financial year, by whom the last financial statements should be prepared and on the basis of what documents. The Committee on Economic Policy, Budget and Finance supported the Government's initiative and proposes to submit the law-in-draft for one of the next plenary sessions.

Another developed at the initiative of the business community of the republic the law-in-draft concerns the acts that entrepreneurs receive after various inspections. The current legislation stipulates that the act with the results of the verification is handed over immediately. The taxpayer can provide his comments or disagreement with the facts set forth in the act following the results of control within five days. However as noted in the Union of Industrialists the taxpayer does not have enough time to study the received inspection report and prepare disagreements for the report Agrarians and Entrepreneurs of Pridnestrovie, if the specified period of time falls on weekends, holidays or non-working days.

The submitted law-in-draft proposes to clarify that the above period is calculated in working days. The deputies of the Committee on Economic Policy consider the initiative to be timely and will submit it to the plenary session for consideration in two readings at once.

The package of legislations that involves making changes to two laws “On personal income tax” and “On the unified social tax and mandatory insurance contribution” at once should further encourage employers to take part in preferential lending programs. The state will provide them with tax benefits to do this. This will affect those employers who have partially assumed the obligation to pay the interest rate on the employee's loan. The Government proposes to provide tax benefits to both the employee and the enterprise. In order to establish optimal tax conditions for the implementation of the above mechanism of concessional lending. These tax benefits are of a social nature and are associated with the retention of personnel in the PMR organizations as the deputies of the Committee on Economic Policy noted. Both legislations will have to be considered by parliamentarians in the first reading. Work on it will continue later.

Another important law-in-draft that was considered by the deputies of the Committee concerns payments to those who have received industrial injuries. Minister for Social Protection and Labor Elena Kulichenko presented her proposals on amendments to the Law “On Insolvency (Bankruptcy)” within the framework of the first reading. She noted that today there are 19 people registered in the social insurance centers of the republic who received labor injuries at enterprises that have now been liquidated. The payments that are due to these people because of the inflicted labor injury are made by them at the expense of the republican budget. Payment amounts from 300 to 1500 rubles. This is 50% of the amounts due. The initiative of the Government proposes to increase the amount of payments and reimburse the funds in full. In 2023, according to the calculations of the Ministry of Social Protection and Labor of the PMR, 309 thousand rubles will be needed for these purposes. The deputies supported the law-in-draft. Work on the document will continue if it is adopted by the plenary meeting in the first reading. It is planned that the amendments to the Law “On Insolvency (Bankruptcy)” will come into force on January 1, 2023.