Work on changes to tax legislation began in the Parliament

Parliamentarians considered and adopted in the first reading at the plenary session a number of tax legislations initiated by the PMR Government, including changes that will simplify the mechanism for calculating, paying and administering the unified social tax. A package of 10 legislations proposes making the transition to paying a single social tax in a single payment without the need to distribute the tax amount for appropriate purposes. According to the Government, which presented a package of legislations to parliament, this will free up labor, time and financial resources of taxpayers, tax authorities and social insurance authorities. Parliamentarians agreed with the Government's proposal.

Parliamentarians during the discussion of the package of legislations were interested in what the priorities would be in the distribution of funds after they are received into the accounts of the unified state social insurance fund. What exactly will be the priority? As noted by the Minister of Social Protection and Labor of the PMR Elena Kulichenko, pension provision will remain a priority, as it is now. Deputy Chairman of the Committee on Economic Policy, Budget and Finance Vadim Kravchuk added that Russia is going to pay a single social tax in one payment.

The proposed changes were supported by representatives of the PMR Accounts Chamber, who noted that the introduced norm would significantly simplify control.

In addition, the parliamentarians recalled that the practice of centralizing the collection of tax payments with their payment using a single payment document already exists in the republic and has proven itself to be excellent. This is a single customs payment. Therefore, the transition to a mechanism for paying the unified social tax in one payment order would be appropriate.

Parliamentarians adopted a package of legislative initiatives in the first reading. Work on the legislative initiatives continues.