The Bill (Reg.№5067) submitted by S. Teriokhin, the People´s Deputy, envisages the improvement of certain operations taxation regarding the housing lease with the redemption and also increase the investment attractiveness of such operations aiming at the solution of the social problem of citizen provision with the homes, especially for the period of finance and economic crisis.
Moreover it presupposes the specification of the mechanism on insurance banks reserve and non-banking institutions formation, for the period till 1 January 2011 it is suggested that 100% of accrued insurance reserves should be referred to the tax payer.
The next item of the bill envisages for the period from 1 January 2009 till 31 December 2010 implementation of the cash method of gross income calculation and reflection of the gross expenses due to the credit operations.
The Bill envisages the amendments to the Law "Tax on Income of Natural Person" and "On Value-Added Tax".