Crimea: since May 1, the VAT rate to be reduced in 5 times
On April 30 the State Council of the Crimea set the new rates for the VAT since May 1, 2014, which will range within 2-4%.
In particular, it is proposed to set 4% as the VAT basic rate, and 2% - for socially important commodities (food products, etc.).
Previously, the Government proposed to decrease the 20-percent VAT rate to the level of 18% and 10%, respectively.
According to the Crimean members of parliament, application of the new VAT rates will provide development of rather stable economic position of the business during the transition period, keep the existing working places, ensure stable inflow of taxes to the budget, and allow holding the competitiveness of Crimean enterprises and their paying capacity.
In addition, the deputies wrote off all tax liabilities and debts of the tax payers as of March 1, 2014, recognizing them as non recoverable.
You should be authorized to post comment
In 2014 Crimean agrarians took on lease 270 units of Russian agricultural machinery
November 21, 13:40
As of November 1, Russia harvested 105.7 mln tonnes of grains – Rosstat
November 21, 10:40
Russia: as of November 1, grain carry-over stocks totaled 42.9 mln tonnes – Rosstat
November 21, 09:50
In January-October Russia decreased wheat flour production
November 19, 16:50
On November 19, Russia purchased 7.15 thsd tonnes of grains to the intervention fund
November 19, 13:20
Russia harvested 110 mln tonnes of grains
November 19, 11:10
Russia decreased grain shipment volumes from the seaports
November 19, 10:20