The Cabinet of Ministers rejected more than 60 proposals of deputies on the draft fiscal policy for 2024.
The government at a meeting on Wednesday approved the conclusion on the amendments proposed by the deputies to the draft law on fiscal policy measures for the next year. In total, the deputies initiated 20 amendments, which contain 102 proposals, of which 33 are supported by the government, 6 are partially supported, and 63 are not supported. For example, the government supported the initiative to set the standard VAT rate for HoReCa enterprises at 8% (instead of 12%); agreed with the annual indexation of excises in 2024-2026 at 10%; supported the introduction of a tax regime for economic agents involved in the management of ferrous and non-ferrous metals waste into the tax legislation, applying a 7% income tax rate for companies in this area. Partially supported was the initiative to apply diversified income tax rates for residents of free economic zones, depending on export destinations and the volume of investments. The initiative to reduce from 7% to 6% the income tax rate withheld by banks and savings and loan associations from the income of resident individuals, as well as issuers of corporate securities, was not supported. The Ministry of Finance spoke out against including the fee for postal pos-terminals in the system of local taxes and fees, as this initiative requires additional analysis. Support was given to the proposal to change the deadlines for the obligatory application of an excise stamp on tobacco products and the authorization of the sale of tobacco products from the date of their production. At the same time, the idea of postponing the introduction of fines for smoking in common areas of residential buildings and dormitories, on the balconies of residential buildings was not supported, since the initiative does not concern fiscal policy. In a more detailed interpretation, the Tax Code will present the concept of capital gain or loss and the rules for its recognition. The government's opinion will be taken into account when considering the draft fiscal policy for 2024 in the second reading. //19.07.2023 – InfoMarket.
