The Committee on Taxation and Customs Policy recommends that the Parliament forwards the Bill on the Peculiarities of Use of a Simplified System of Taxation, Registration and Accountability of the Small Entrepreneurship Subjects for further Drafting

04 September 2009, 14:31

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Pursuant to the Bill (Reg. No.4549-1), the restrictions envisaged by Paragraph 4 of Clause 7 of the President´s Decree of 3 July 1998  №727 shall not extend onto the subjects of entrepreneurship that render public utility services in the rural area, or if the local self-government bodies act as participants and founders of such entities. Pursuant to the Bill, a simplified system of taxation, registration and accountability of the small entrepreneurship subjects shall be applied to the individual entrepreneurs who perform works or render services in the rural area, without being registered as a legal entity. Then, the period of accountability shall equal a calendar month.