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

VAT In The Crimea To Be Reduced 5 Times
5.05.2014 17:15
VAT In The Crimea To Be Reduced 5 Times

VAT in Crimea to be reduced 5 times. Starting May 1, the State Council of the Crimea set the new rates of value added tax between 2 and 4%.

      The corresponding decision was taken on Wednesday at the extraordinary plenary session of the Parliament of the Republic. 4-percent tax will be set as the main VAT rate, the 2-percent for socially important goods, including food, children's clothes, publications and also medicines of domestic and foreign production. Earlier, it was proposed to lower 20-percent VAT rate to 18 and 10%, respectively.

      Crimean deputies hope that applying new VAT rates will ensure stable economic situation of the business during the transition period; will preserve existing jobs; will ensure a stable flow of taxes to the budget and will support the competitiveness of Crimean producers and their solvency.

Author: Anna Dorozhkina

Tags: VAT the Crimea    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Graphic artists  Adler  Balalaika  Burial Grounds  St. Petersburg  Photo Exhibition  Far Eastern Federal University  Mercedes-Benz Fashion Week Russia  Housing  Buryatia  Legal Services in Russia  The USSR  Russian Cinema  Varlam Shalamov  aircraft  Irkutsk Region  Institute of Russian Realist Art   Russian directors  Russian business  Kaluga Region  Russian economy  Moscow  nationalism in Russia  Architecture of Moscow  Science  Karelia   Russian scientists  Exhibitions in Moscow  Russian science  Omsk  EU sanctions  Alexander Rodchenko  Bolshoy   Furnaces  tours to Russia  Russian Literature  El Lisitsky   Russian tourism  Usolye-Sibirskoye  Saint Petersburg  Moscow Metro  Chelyabinsk  technology  Russian oil companies  Moscow dolphinarium  Altai  Macau  NSA  flights to Russia  National Fine Arts Museum of Sakha 

Travel Blogs
Top Traveling Sites