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
Russia: on January 1-22 grain exports through the ports of Krasnodar Krai totaled 643 thsd tonnes
Russia: in 2014/15 MY grain stocks to reach the record volumes – expert
On January 28, Russia purchased 5 thsd tonnes of grains to the intervention fund
Russia: as of January 1, grain carry-over stocks totaled 32.6 mln tonnes – Rosstat
In January-November Russia exported over 27 mln tonnes of grains - Rosstat
On January 27, Russia purchased 12 thsd tonnes of grains to the intervention fund
In 2014 Russia decreased wheat flour production - Rosstat
January 26, 16:50
Russia lowered grain shipment volumes from the seaports
January 26, 14:30
In 2015 Russia has to harvest not less than 16 mln tonnes of oilseeds – expert
January 26, 11:40