Tax on corporate income decreased by 0.5% – from 8% to 7.5%. The rate for service providing businesses for services accepting debit cards reduced by 5%. Government encourages using plastic cards instead of cash.
At the same time, the tax on personal income taxation in the lower bracket (up to five times of the minimum wage) increased from 7.5% to 8.5% of the total income. Income below minimum wage is not taxed.
Also, the rate of mandatory insurance contributions of citizens to the Pension Fund under the Ministry of Finance increased by 0.5% – from 6.5% to 7% of their income in the form of wages.