Reduce risks, provide guarantees and benefits

The parliamentarians reached the finish line in the work on a package of legislations, related to supporting investment activities. Earlier, 6 legislations on this topic were sent by the government and adopted by the Supreme Council on February 28. As measures to support investment activities, there is a reduction in the taxable base for corporate income tax, preferential rates for a single social tax are established. In addition, there are prescribed benefits for payment for land, the provision of investment subsidies. Representatives of business, as well as members of the deliberative assembly of the first Pridnestrovian deputies with the Chairman of the Supreme Council, actively joined the discussion of the document. Approximately two hundred amendments were received by the second reading.

Deputies of the Committee on Development of Entrepreneurship and Industry failed to come to a common opinion for some of them. The discussion continued at the meeting of “The Obnovlenie” (Renewal) parliamentary faction and then within the framework of today's plenary session. One of the amendments concerned the mandatory sale of part of the currency proceeds to the Pridnestrovian Republican Bank. It is proposed to release the investor from this obligation for the period of implementation of the investment project.

Thus, in the opinion of the parliamentarians who supported the amendment, investors will have an opportunity to spend these funds on the development of production: the purchase of raw materials, the modernization of equipment. A different position was expressed by Deputy Pyotr Pasat, as well as the head of the central bank, Vladislav Tidva.

Parliamentarians supported this amendment as a result of long discussions. The norm, concerning investment subsidies from the republican budget is among the supported. Their size will be up to 10% of the funds invested by the investor. The powers to decide on the granting, amount and timing of payments will be placed on the investment council.

Deputies adopted a package of legislations and remained in the second reading mode. The final decision will be taken by the parliamentarians during the next plenary session on April 25. All the amendments in a week will be worked out in detail.