Loosen the Tax Burden

The package of legislative initiatives of the deputy Vadim Krasnoselsky includes a large block changes to the existing legal framework dedicated to reducing the tax burden. This is something that, as a litmus test, responding primarily entrepreneurs, domestic and foreign investors.

Experts in the economic sphere call the level of tax burden in Pridnestrovie (it is 36%) high, and in some sectors even prohibitive when he lost sense of entrepreneurship. It is much higher than in Russia and neighboring countries. Including this reason, it reduced the competitiveness of our products in foreign and local markets. The economic agents taking into account the state tax conditions are not able to accumulate capital to invest in the modernization of its production, reducing production costs.

Vadim Krasnoselsky proposes by developped amendments to establish a moratorium on the increase of the tax burden over the next five years for individuals and individual entrepreneurs, and three years for legal entities in terms of taxes on income from sales of products, works and services, as well as taxes on payroll.

Deputies of the Supreme Council, unanimously supported this legislative initiative of Vadim Krasnoselsky, expressed the hope that its introduction into the legal framework of the state eliminate the reasons because of which our economy is in such poor condition that, in turn, negatively affects the level of life of citizens, and will be a guarantee of stability for business entities.