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:

Central Bank will Receive the Right to Unimpeded Access to the Premises of Companies and their Documents
The Bank of Russia has Conducted a Survey of Microlenders
The Pension Fund of Russia (PFR) will Use Blockchain Technology
WYLSACOM Will Cooperate With Sberbank
The Government of the Moscow Region, METRO Cash and Carry and Sberbank Signed an Agreement On Cooperation

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Russian Finance Ministry  Vandalism  Fashion designers  Pussy Riot case  Regina Spektor  Mercedes-Benz Fashion Week Russia  Tractor  Karlovy Vary Film Festival  Russian history  Sochi medals  Post-Revolutionary Writers  human rights in Russia  Russian tourism  Primorye  Russian economy  AvtoVAZ   Russian culture  Saransk  Republic of Tatarstan  Satellites  Petroglyphs  Russian Comics  review  Evgeny Malkin  Sverdlovsk Region  Russian Literature  St. Petersburg  Archeology  Russian artists  Boris Nemtsov  Russian companies  the Don  Russian business  Yul Brynner  Andrey Zvyagintsev  Russian crafts  Mikhail Derzhavin  Moscow  Treasures  Russian Cinema  Volgograd Region  Russian Composers  FBI  Kirov Region  Exhibitions in Moscow  obituary  Nestor Kukolnik  Russian transportation  Buryat Republic  poverty 

Travel Blogs
Top Traveling Sites