Fiscal system of Pridnestrovie needs reforming

02/24/15 23:03

Fiscal system of Pridnestrovie needs reforming

Participants of the discussion came to such a conclusion at the Economy in Details on the Pridnestrovie’s First Channel

The representatives of legislative and executive power, the leaders of the industrial enterprises, and also the republic's academic community were invited to the anti-crisis measures discussion.

Speaking about the fiscal policy, the acting chief of the Economic Development Ministry's state service on the investment and business activity assistance Dmitry Boltrushko emphasized that such Pridnestrovie's tax system is rather similar to some exotic countries, than to the mature ones or the states with the fastest growing economy.

According to the expert, the Pridnestrovie's tax system differs from the Russia's one considerably (Pridnestrovie aims for harmonization with Russia in all spheres of life) and also from the Moldavian and Ukrainian systems of the taxation.

The discussion participants recognized the necessity of reforms and set out different opinions concerning the content of the necessary changes. So, the Supreme Council's deputy Victor Guzun noted that it would be impractical to introduce a value added tax in Pridnestrovie. "This tax will be paid by the consumers," Victor Guzun emphasized.

Also, the MP added that today it is impossible to create an effective tax deduction system for the goods imported to Pridnestrovie.

In turn, the Deputy Economic Development Minister Inna Linnik noted that despite the absence of the VAT the prices on the import goods in Pridnestrovie today are at the level of the countries having such a tax. According to the deputy minister, it provides the trade enterprises with additional profits and it will make possible to introduce the VAT without any considerable price increase and harm to the consumers' spending capacity.


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