Support of highly qualified specialists of the industrial sector

Parliamentarians considered and adopted in the second final reading a number of changes to tax legislation in the course of the plenary session, including the law “On personal income tax”. We are talking about measures to support highly qualified specialists in the industrial sector of the republic.

The Government of the Pridnestrovian Moldavian Republic proposed to increase the number of specialists who will be entitled to a tax deduction in the amount of one subsistence minimum (in June it was 2 thousand 87 rubles). This rule applies currently only to those whose income is about 10 thousand rubles (no more than 5 subsistence minimums). This norm will apply to specialists in the production sector whose income level reaches 8 subsistence minimums (16.5 thousand rubles) starting from the new year. For example, if a highly qualified specialist receives a salary of up to 16.5 thousand rubles, then 2087 rubles of it will not be subject to income tax. Income tax will have to be paid in full, on the entire amount for wages over 16.5 thousand rubles. The norm will apply only to industrial enterprises and provided that the revenue from the main activity is no more than 70% of the total income.

This will increase the income of highly qualified specialists. This in turn will help keep them in the republic so that our enterprises do not face the problem of outflow of personnel needed by the industrial sector of the economy, the Supreme Council considers.

More than 65 thousand people currently use the standard tax deduction.

This is an effective measure to support those working in the production sector, according to deputies of the Supreme Council.

The parliament adopted changes to the law “On personal income tax” in the second final reading Today. It will come into force on January 1, 2024 after signing by the President.