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 2014/15 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
Russia to likely lose the traditional markets of wheat — Eurasian Economic Commission
April 30, 10:40
Russia: export duties on wheat to be likely canceled before July 1 – A.Dvorkovich
April 29, 17:16
On April 29, Russia purchased over 57 thsd tonnes of grains to the intervention fund
April 29, 13:30
Russia: State Duma adopted the draft law on GMOs banning in the first reading
April 29, 09:30
Russia: United Grain Company purchased land lot in the Novorossiysk port for oil-filling terminal construction
April 28, 16:10