Entrepreneurs will not support opposition during presidential elections

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April 22, 2016 19:09

Last week, President Lukashenko met with entrepreneurs at Expobel shopping centre and allowed them to trade without quality certificates until January 1st, 2016.

In addition, he warned them against becoming involved in politics and advised to work more transparently. Private entrepreneurs have low protest potential and capacity for solidarity actions and prefer to adapt to the conditions imposed by the authorities. Nevertheless, amid events in Ukraine, the Belarusian authorities are afraid of any manifestation of social tension in society and demonstrate willingness to engage in dialogue with society ahead of the presidential election. Most likely, most entrepreneurs might not provide any assistance to the opposition during the 2015 election campaign.

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Number of citizens excluded from social security system would be expanded
October 02, 2017 12:24

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.

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