Trade Ministry to punish retailers for late payments to tobacco and alcohol suppliers
The Trade Ministry has informed the Minsk city executive committee of substantial payment arrears by Evrotorg and Rublevsky to food suppliers. Alcohol and tobacco make up to 10% of their retail sales. Checks performed by the Trade Ministry aim to improve settlements in trade as a whole, increase the range of goods on sale and increase the share of Belarusian produces on the shelves in these retailers. The Trade Ministry has threatened these two retailers with revoking their licenses for alcohol and tobacco for a short period and suggested that as a matter of compensation they could buy MAZ trucks for their fleet.
The Labour and the Tax Ministries are considering the possibility to include persons engaged in some economic activity without forming a legal entity in the social security system. When the decree No 337 comes into effect, the number of private entrepreneurs is likely to reduce due to the possibility of reducing the tax burden when switching to a tax payment as an individual. 95% of self-employed, including PE, pay insurance premiums on the basis of the minimum wage. The number of self-employed citizens is expected to increase, the number of insurance contributions to the pension system from PE will decrease, the number of citizens who will pay a fee to finance government spending will decrease by several tens. Self-employed citizens have the alternative not to pay social security fees and save resources for future pensions, which, given the gradual restriction by the state of pension requirements could be a more long-sighted option.