The Cabinet approved a series of amendments to the fiscal legislation and legislation concerning mandatory social and health insurance with the aim of creating the conditions needed for implementing the Law on IT Parks, IPN reports.
Among the approved amendments is the introduction of a common tax of 7% of the sales revenues for the residents of IT parks. According to the authors, the measure will contribute to increasing the attractiveness of IT parks before national and foreign investors and to accelerating the development and pace of realizing the potential of this industry.
The common tax includes the entrepreneurial activity income tax, salary income tax, social insurance contributions, health insurance contributions, local taxes, property tax and road tax. The common tax will be calculated and reportedly monthly by the residents of the IT park, while the data will be presented to the State Tax Service.
