Business news

Lukashenko unhappy with proposed entrepreneurship bill

MINSK, 9 September (BelTA) – After the meeting with the Council of Ministers members, Belarusian President Aleksandr Lukashenko sent the entrepreneurship bill back for revision, Economy Minister Aleksandr Chervyakov told journalists, BelTA has learned.

The bill was presented by the minister. The document laid out the new structure of small business. However, the president eventually sent the document back for revision, pointing out that the proposed system is too complex.

“The head of state drew attention to the complexity of the system saying that the system is quite cumbersome, multiplex and a newcomer will struggle to make head or tail of it. Therefore, an instruction was given to simplify the system so that it is sufficiently comprehensible, transparent and fair. In other words, the system should be streamlined and made transparent when it comes to tax payments, it should provide for fair participation of each business entity in replenishing the budget,” Aleksandr Chervyakov said.

The president ordered to more clearly define the types of activities that artisans, individual entrepreneurs and legal entities can engage in. At the same time, Aleksandr Lukashenko noted that the question is not about naming this or that form of entrepreneurial activity, and not about phasing out individual entrepreneurship. There are no plans to scrap individual entrepreneurship, it is just necessary to clearly define specific activities for all forms of small business.

“Give me a simple system,” the head of state demanded.

He gave an instruction to finalize the document as soon as possible. After all, the changes will come into force in 2023, which means that people should already understand how they will work next year, Aleksandr Lukashenko explained.

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