Draft of updated Tax Code presented

A number of adjustments are being made to the current document on profit and real estate taxes, income tax. The task is not just to raise rates, but to create conditions for business development. For legal entities there is still an opportunity to use the simplified taxation system. And in this case the tax rate will remain at 6%. Today, individual entrepreneurs do not have such an opportunity. The main thing is to adopt a law on entrepreneurial activity synchronously with the Tax Code. The document prescribes a simple and quick mechanism for reformatting the business. MPs are expected to consider the Tax Code in early November.