The Parliament adopted state support measures for 2024

Parliamentarians considered and adopted in the course of the plenary session in two readings government initiatives on measures to support economic entities of the republic to minimize the negative consequences of the unfavorable foreign economic and foreign policy situation.

One of the legislations proposed amendments to the law “On the Fundamentals of the Tax System in the Pridnestrovian Moldavian Republic”.

The norm, which the Government proposed to extend for the next year, has been in force in the republic since 2022. It makes it possible to quickly provide state support to economic entities of the republic in the event of negative external factors as noted at the plenary session. Parliamentarians supported the Government's initiative in two readings at once.

Another Government initiative concerns amendments to the law “On Corporate Income Tax”. It extends the support measures for business entities in force this year until 2024.

The application of the 2% tax rate was resumed when calculating income tax for enterprises in the fruit and vegetable industry and the construction industry. According to the analysis, their financial situation has worsened – a reduction in revenue by more than a third was recorded. These organizations generated a negative financial result against the background of maintaining or increasing the level of costs.

In addition, the law-in-draft extends for 2024 the application of the coefficient of 1.05 when calculating income tax for enterprises in the clothing and footwear industry working on customer-supplied raw materials because the situation in this sector remains difficult.