The work is at the final stage

The Supreme Council in the course of the plenary session April 18 adopted in the second reading a package of government-initiated legislations on state support for investment activities. The deputy corps along with this decided to leave the legislations in the second reading mode. It was necessary for a thorough study of all received amendments the day before. The total number from various subjects of the legislative right was approximately two hundred. There is a reduction in the taxable base for the basic corporate income tax, preferential rates for a single social tax (14% instead of 24%), land fees as measures of state support for investors. These measures are characterized by expert economists as unprecedented.

Today, according to the presidential website, the discussion of the legislations continued in the Presidential Administration, where the President held a working meeting with the participation of the Chairman of the Supreme Council Alexander Shcherba, the Vice Speaker of the Parliament Galina Antyufeeva, the head of the profile parliamentary committee for the development of entrepreneurship and industry Victor Guzun.

The fact that the legal framework in this sphere requires serious renewal, no one doubts. The main discussions, including those involving government officials and the central bank during the last plenary session were conducted in just a few amendments. During the exchange of views at the meeting, the President thoroughly discussed every moment, on which there are still some disagreements.

The meeting participants said that the advantages offered to investors should cover potential risks.

Representatives of the government and the PRB sounded actual proposals for improving the law-in-draft. The president, after listening to all opinions, urged the meeting participants to listen to the position of opponents, emphasizing that all public authorities have a common task - to create a qualitative legal basis for the investment attractiveness of the republic.