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To ensure unique revenue to the budget

13.09.2017

Amendments, introduced to the Law on Corporate Income Tax were presented by the Head of the State Tax Service Natalia Sokolova during the plenary session. Economic entities are proposed to pay tax on income of organizations in two stages: before the 10th day of each month following the reporting month, make a payment of at least 50% of the amounts of payments for the previous reporting period. The rest of the payment is made, as now, at the end of the month. According to the developer, the Government is plays this role, this law-in-draft will ensure a steady flow of tax payments into the budget and reduce the cash gap. The Government emphasizes: the norm will not apply to agricultural producers and small business entities.

The Parliamentarian, Vadim Levitsky, during the discussion of this agenda item proposed to make a payment in the amount of at least 30% within the first stage.

The comments and suggestions made by the people's deputies will be taken into account in the preparation of the law-in-draft for consideration in the second reading.