It will be easier to make a deposit and withdraw cash

The Supreme Council has begun work on a package of legislations that will eventually allow payment card holders to withdraw cash from their bank card accounts and make a deposit at the cash desk of legal entities and individual entrepreneurs. Changes are being made to the current legislation, primarily for rural residents. However, the geographical component is not specified in the text of the initiative. As noted by the author parliamentarian Yuriy Kucherenko, this regulation will be voluntary and can be used both in a small rural store and in a large supermarket in the capital.

An agreement with the bank and the presence of a bank terminal will be required in order for this norm to work in each specific retail outlet. Withdrawing cash from a bank card or replenishing an account with the help of a seller is impossible from a technical point of view in stores where payment is made only using a QR code, explained Yuriy Kucherenko.

The introduction of services for withdrawing cash from accounts and replenishing bank cards at the cash desk of legal entities and individual entrepreneurs, the so-called Cash-in and Cash-out, is convenient not only for the population. Legal entities or individual entrepreneurs will be able to optimize their costs, in particular, we are talking about cash collection. As for taxation, these transactions will not fall under the category of taxable ones.

Amendments and additions are made to 6 laws at once: "On licensing of certain types of activities", "On the protection of consumer rights", "On the tax on income of organizations", "Special tax regime - simplified taxation system", "On the central bank of the Pridnestrovian Moldavian Republic", as well as the law "On banks and banking activities in the Pridnestrovian Moldavian Republic".

The parliament voted to adopt a package of legislative initiatives in the first reading. Work on them will continue.