The Government approved amendments to a number of regulations with a view to adjusting these to the provisions of the Law on Information Technology (IT) Parks, IPN reports.

The goal of these amendments is to ensure a functional mechanism for imposing the common tax on the residents of IT parks.

Under the amendments, the application of a common tax of 7% of sales revenues, nut not less than the minimum sum set per employee (which is 30% of the official average monthly salary forecast for a particular year) is one of the benefits offered by the state to the residents of these parks. The common tax of 7% of sales revenues incorporates the following taxes: entrepreneurial activity income tax, salary income tax, mandatory state social insurance contributions and mandatory health insurance contributions paid by the employer and the employee, local taxes, real estate and road taxes. The other taxes will be paid by the residents of IT parks according to the generally set model.

The salary earners of parks will benefit from all the types of state social welfare provided by the state social insurance budget. The insured income of these employees will represent 60% of the official average monthly salary forecast for a particular year.

They will also be included in the mandatory health insurance system as contributors based on nominal records lists that will be presented and updated by the residents of the IT parks.