There is nothing more permanent than temporary

Deputy corps voted for another extension of the current not the first year provisions of the law "On income tax from natural persons", which regulates the relations of individual entrepreneurs and legal entities. It is about providing organizations ability to purchase goods and services from patent owners. The stumbling block in this matter has been 15% tax paying. The decision proposed by the President was made as a result of many working meetings of representatives of all stakeholders in late 2014. Income does not exceed 100 000 per month, paid by a legal person to individual entrepreneur for bought from the last, we decided not to impose income tax on individuals. In the event of a significant monthly income an owner of patent is required to submit a tax return and make payment of income tax on the excess amount.

Initially it was assumed that the rate of time will expand to transactions concluded in the period from 1 January 2012 to 31 December, 2014. Adopting the initiative, members hoped for the adoption within six months fundamentally new provisions. Profile Committee has developed a large set of documents aimed at reforming legislation in the sphere of individual entrepreneurship. The Supreme Council supported the majority of legislations proposed by his colleagues in the first reading, but further work on them was stopped due to lack of an official conclusion of the Government.

The Supreme Council, not finding other way out, extended the temporary mechanism for the payment of income tax for another year - until the end of 2015. A year has passed, but the scope of individual business has not seen law reform. Deputies were forced to offer the next stage of prolongation. Legislators considers it is unreasonable to follow the path of systematic extension of the interim rules,.

Prolonging norms were once again submitted by the decision of the deputies to the law "On income tax from natural persons".