Changes for individual entrepreneurs

The deputies adopted amendments to the law “Special tax regime – simplified taxation system” in two readings at once at the plenary session. They provide for easing the conditions for the transition of entrepreneurs from a simplified taxation regime to another and a return to a “simplification”.

The author of the legislative initiative, Chairman of the Committee on Economic Policy, Budget and Finance Viktor Guzun noted that amendments to the legislation are made at the request of the entrepreneurs themselves.

The law-in-draft proposes to simplify the procedure for the return of individual entrepreneurs to the simplified taxation system and the transition to a different taxation regime. Individual entrepreneurs will be able to do this at the end of six months, and not in a year, as enshrined in the current law. An individual entrepreneur applying the simplified taxation system has the right to switch to a different tax regime from the beginning of the next half of the year, notifying the tax authority no later than December 31 of the year or June 30 of the half year preceding the half year in which he intends to switch to a different taxation regime, specified in the law-in-draft.

Adopted in two readings at once the law-in-draft will be sent for signature to the President of the Pridnestrovian Moldavian Republic and will come into force from the day following the day of official publication.