The Parliament of Abkhazia has not adopted a law on the support of a national investor

The Parliament of Abkhazia did not adopt the law "On state support for investment activities of a national investor" at a meeting on April 16.

At the voting, the project did not get the required number of votes.

The project is aimed at regulating the investment activities of Abkhaz investors, establishing benefits and preferences for them, identifying priority areas for investment.

The explanatory note indicates that national investors do not have access to cheap loans, the implementation of the program to support small and medium-sized businesses is not enough, investors need additional incentives.

At the same meeting, the parliament adopted the bill "On the Unified Social Tax" in the first reading. It will combine five mandatory social payments into one scheme, simplify reporting and reduce the tax burden for businesses and the self-employed.

If the law is passed, the payroll tax rate will decrease from 20% to 18%; 1% of deductions from employees' salaries will be canceled; for individual entrepreneurs, the rate will decrease from 9.5% to 5%; individual entrepreneurs will be eligible to participate in the pension system.