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On Amending Item 1 of the Procedure for Deducting a Portion of Net Profit (Income) to the State Budget by State Unitary Enterprises and Their Associations

Resolution establishes a special procedure for deducting a portion of net profit to the state budget for forestry enterprises under the management of the State Forestry Agency. According to the document, such enterprises must transfer 50% of net profit to the state budget, provided that 30% of the profit is directed towards the acquisition of non-current assets for forest protection, conservation, and reproduction. The use of these 30% is subject to annual state financial audit.

Key provisions:
• The deduction rate for forestry enterprises is changed – 50% to the budget with the condition of using 30% for development
• Targeted purpose of funds – acquisition of non-current assets for forestry
• Mandatory annual state financial audit of fund usage
• Validity period – from January 1, 2025 to December 31, 2027

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