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

Russian Government to Lower Tax Obligations for Regional Companies
28.01.2015 18:59
Russian Government to Lower Tax Obligations for Regional Companies

Russian government plans to institute a number of measures for lowering tax burden for small and medium-sized businesses in the regions, Russian Minister of Finance Anton Siluanov said.

      "Russian regions will receive considerable rights for abatement of taxes for small businesses, in addition to those that already exist. The government will allow federal subjects to make such decisions on their own", the minister added.

      According to Siluanov, some changes will be made in interbudget transfers to Russian regions. The concept of "tax potential" will be set free from "current incomes received by regions and municipalities from small business's taxation".

      The minister also reminded of "tax holidays" made by Russian officials for private entrepreneurs. "The 'holidays' currently apply to two fields - production and social services. We want to add another one - personal services", Siluanov said.

      In accordance with an anti-crisis plan published on January 28, Russian government intends to simplify a procedure of a business's recognition as small or medium-sized.

      Another measures include reduction of checkings by the Federal Antimonopoly Service, tax burden weakening and 'tax holidays'.


Author: Julia Alieva

Tags: crisis in Russia Russian business Ministry of Finance   

Next Previous

You might also find interesting:

Web Sites Trading In Goods Under Sanctions Can be Blocked
Russian Textile Week 2017
Sollers Industrial Group Will Resume the Assembly Of Ssang Yong Cars In Russia
Bosco di Ciliegi Will Produce Sausages
World Bank Updated Its Forecasts On the Russian Rouble

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Vladimir Vysotsky  Pussy Riot  Russian architecture  Russian legislation  Painting  Russian tourism  Dark Wave  easyJet   GMO products  Russian Composers  Russian holidays  Magadan ethnic park  Irek Zaripov  Yaroslavl Region  Igor Sechin  Mercedes-Benz Fashion Week Russia  Lipetsk Region  Russian Animation  Science  Archeology  Murmansk  Russian business  Moscow  GDP forecast  Igor Starygin  Graffiti  Festivals in Kazan  Karlovy Vary  Fairy Tales  Russian physics  Zapashny Brothers  Russian history  Historical Gardens  Electromobiles  Russian Literature  Novgorod  Russian Rock Music  Kurgan  Rokot  Moscow traffic  Fyodor Bogorodsky  Exhibitions in Moscow  Russian Cinema  The Golden Ring of Kuzbass  Andrey Zvyagintsev  Boris Nemtsov  EU sanctions  Zenit  Great Ustyug  Silver Gate 

Travel Blogs
Top Traveling Sites