The New Offers

Parliamentarian Alexander Korshunov presented a number of relevant legislative initiatives of economic orientation. An appropriate set of document consists the following laws: "On the value added tax on goods imported from the territory of the European Union"; "On the system of taxation for exporting companies (income tax and property tax of legal persons)"; "On Amendments to the Law of PMR "On the basis of the tax system in PMR"; "On amendments to the Law of PMR "On Customs Tariff".

The law-in-draft "On Value Added Tax on goods imported from the territory of the European Union" was developed by the author to prevent the decline in revenues of the state budget in connection with the possible abolition of import duties on goods imported from the territory of the European Union. Taxation is expected to be produced at the rate of 1, 8 and 18 percent depending on the type of imported goods.

The law-in-draft "On amendments to the Law of the PMR "On Customs Tariff "is intended to exclude the import customs duties from taxation on the territory of Pridnestrovie of imported goods whose country of origin is the State - party to the European Union. This initiative is directly related to the law-in-draft "On Value Added Tax on goods imported from the territory of the European Union" and aims to its optimal implementation in the legal field of the country.

The law-in-draft "On the system of taxation for exporting enterprises (profit tax and property tax of legal entities)" is designed to create an alternative system of taxation for exporters. Taking into consideration that 75% of its industrial output in Pridnestrovie is exported, it is extremely important to offer an additional mechanism to support and protect the republic exporters from the negative impact of external and internal factors. The special tax regime implies taxation enabling exporting companies to go from paying turnover tax on income to the income tax and property tax for legal entities. Adoption of the law-in-draft will allow exporting products enterprises to effectively manage the tax burden, which will contribute to increase production, increase tax deductions, the creation of additional jobs.

The law-in-draft "On Amendments to the Law of PMR "On the basis of the tax system" is aimed at bringing the existing tax legislation into line in case of the adoption of the law-in-draft "On Value Added Tax on goods imported from the territory of the European Union" and "On the system of taxation for exporting enterprises (profit tax and property tax of legal entities)".

The forecast of socio-economic impact of the adoption of these laws involves preventing decline in tax revenues as a result of zero customs tariffs on goods imported from the European Union, to maintain the existing production base of the country, export-oriented; avoiding job cuts and increased tax payments to the budget by increasing the volume of production and sales in foreign markets.