27 June 2008, 13:42
The Bill (Reg. No. 2353) restores the regulation of the Law "On Tax imposed on the Owners of Vehicles and other Self-Propelled Machines and Mechanisms" concerning exemption of budget-funded vocational schools in public and municipal ownership from tax imposed on the owners of vehicles and other self-propelled machines and mechanisms.
Restoration of the said regulation will enhance proprietary security of vocational schools, since the funds paid as a tax imposed on training vehicles will remain at the said establishments.
The Committee admits the social bent of the tax benefit, though it recommends that the phrase "used with training purpose" should be replaced with "on condition they are used in compliance with the statutory activity", so that possible misuse of the benefit could be prevented.