Help for shoemakers and garment workers has been extended

Deputies of the Supreme Council of the Pridnestrovian Moldavian Republic in the course of the plenary session on the 7th of December retained for 2023 a tax benefit for enterprises in the footwear and clothing industry operating on tolling raw materials at the level of 2022 in the form of a reduction factor of 1.05.

Thus, the state provides tax support to a number of enterprises and organizations in the clothing industry. The legislative initiative of the Government was considered and adopted by parliamentarians in two readings at once.

The Ministry of Economic Development after analyzing the effect of this rule over the past 2 years noted that the financial indicators of enterprises that are processors of tolling raw materials, according to the results of the first half of 2022, tend to increase compared to the same period in 2021, but have not yet reached pre-pandemic levels. So, out of 13 analyzed organizations engaged in the processing of tolling raw materials in the light industry, for example, 11 organizations have a positive financial result.

It was proposed in order to prevent the deterioration of the activities of these organizations in the future under the influence of external factors on their work to prolong the effect of the reducing tax coefficient of 1.05 for 2023.