The Bill (Reg. No6166) envisages gradual reduction of the income tax rate from 25% (31 June 210) to 17 % (1January 2014). During the next years tax rate is implemented at the rate 16%.
According to the Committee members the suggested reduction of the tax rate will have its economic consequences that are income increase of finance sector subjects and income reduction of the real economic sector.
The Committee deems that "economic effect from the direct reduction of tax rate may be more effective for the finance activity sphere tax payers (banks, investment companies etc) and less effective for the tax payers of real economy sector."
Having uphold the necessity of reduction of taxation obligations of the enterprises, the People´s Deputies deem that such tax rate reduction in the course of the current year may cause the reduction of the state budget income. Reduction of the enterprises income tax rate is possible only in case of the sufficient resources' provision of the Budget, especially under the finance crisis conditions.