Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Controversial Tax Proposals by Moscow Mayor
30.10.2012 23:58
Controversial Tax Proposals by Moscow Mayor

The Moscow government has come out with an initiative to slap a new tax on small and medium businesses.


      

City Hall wants to get from SMEs operating in retail and services industries a fixed fee in advance. If the company posts profits over the year, the size of the tax will be deducted, if the business has only losses to report, the fee will not be returned.


      

Nikolay Ostryakov, from Business Russia association, says the move could further force entrepreneurs into the shadow economy.


      

According to the Federal Tax Service, the first quarter of 2012 saw 165,000 loss-making businesses in Russia.




Author: Mikhail Vesely

Tags: Russian business Moscow mayor Russian taxes   

Next Previous


You might also find interesting:

Russian Government would not Increase the Tax Burden on Businesses within the Next Six Years
18.12.2018
Sales of Russian Wines Reached 52%
30.10.2018
The Highest Outflow of Foreign Money Recorded in Russia
12.04.2019
Sberbank and the California Accelerator 500 Startups Started to Accept Applications
04.09.2019
The Skolkovo Foundation Plans to Launch a Program for Start-ups
25.04.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Russian writers  Russian Cinema  St. Petersburg  ENEA  Bashneft  Kiev Railway Station  Moscow airports  Valentina Tereshkova  Vladimir  Fyodor Emelianenko  Fashion designers  Russian places of interest  Russian banks  Sergei Kapitsa  Albert Charkin  mobile slavery  environment  Russian Book of Records  tours to Russia  Russian oil companies  online stores in Russia  Festivals in Moscow  Watch  Mercedes-Benz Fashion Week Russia  Adobe  Exhibitions in Moscow  Arctic  St. Petersburg Theaters  Bards  Orthodoxy  Russian sanctions   Moscow Circuses  Smolensk  travel to Russia  Moscow  Tako Mekvabidze  mobile network operators  Concerts in St. Petersburg  Lukoil   Russian regions  Aleksandr Tvardovsky  Life Saving  Safari Park of Gelendzhik  Russian tourism  Russian circus  Cultural Heritage List  Science  Russian business  Russian science  Russian souvenirs 


Travel Blogs
Top Traveling Sites