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
V.Putin considers illegitimate the economic sanctions against Russia
EU to expand limitations on investing to the economy of Crimea
Russia: no need to regulate grain exports - Ministry of Agriculture
Russia banned conducting of transactions in the Crimea to a number of Ukrainian banks
On November 26, Russia purchased 6.3 thsd tonnes of grains to the intervention fund
November 26, 13:20
Crimea: N.Polyushkin was appointed as the First Deputy Minister of Agriculture
November 26, 11:20