The Committee on Taxation and Customs Policy recommends that the Parliament adopts as a Basis the Bill on Amendments to Article 4 of the Law "On Tax imposed on the Owners of Vehicles and other Self-Propelled Machines and Mechanisms" (re Tax Benefits for Technical Educational Establishments)

02 June 2008, 11:02

The Bill (Reg. No. 2353) exempts budget-funded vocational schools in public and municipal ownership from tax imposed on the owners of vehicles and other self-propelled machines and mechanisms, in case such vehicles are used with training purpose.

 

Adoption of the Bill will enhance proprietary security of vocational schools, since the funds paid as a tax imposed on training vehicles will stay in the said establishments.