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 planted spring grains throughout over 7 mln ha
Russia: Ministry of Agriculture offers to cancel the export duties on wheat since May 15
On April 27 -May 3, Russia exported 300 thsd tonnes of grains from the seaports
Russia to continue grain purchasing interventions until the end of the season - Deputy Minister
Russia exported 27.7 mln tonnes of grains - Ministry of Agriculture
Russia: in Ist the quarter, the volume of agricultural production grew by 3.5% - Ministry of Economic Development
May 4, 09:30
In 2014/15 MY, Russia increased millet exports
May 1, 13:20
In the nearest years, the grain harvest in Russia to reach 110-120 mln tonnes per year – A.Tkachev
April 30, 12:10