19 March 2008, 11:34
The Bill (Reg. No.1178-1) introduces amendments appertaining to the procedure of collecting individual income tax under the operations of real estate and movable property alienation and by inheritance obtainment.
The Committee members believe that introduction of the said amendments "enables individual income tax evasion, complicates its administration, and reduces legal protection of the contractual parties".
Adoption of the Bill can result in delayed budget receipt of income tax obtained due to the operations of real estate and movable property purchase\sale.
The Bill also fails to contain financial and economic calculations, which makes it impossible to provide objective assessment of consequences of its implementation.