Updated at 11:50,16-10-2017

Myasnikovich: Expenses to be minimized for new enterprises

Euroradio

Republic Mihal Myasnikovich announced in the programme Contours on ONT.

According to the governmental development programme for 2016-2010, newly-created enterprises should be exempt from the load of taxes and get a change to make progress, he said. “It is because they have no initial capital,” Myasnikovich noted.

Financial experts did not agree to such a step at first, the head of the Council of the Republic said. New enterprises will be paying wages and allocating money to the social protection fund in the first few years of their existence. “Then they will become normal tax-payers like everyone else,” Mihail Myasnikovich said.