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: as of July 1, grain stocks totaled over 15.3 mln tonnes – Rosstat
In January-June of 2017, Russia increased agricultural production - Rosstat
In 2017, Russia to harvest 115-118 mln tonnes of grains - RGU
July 19, 16:00
In 2017, Russia to harvest 100-105 mln tonnes of grains - A.Tkachev
July 19, 14:10
Fat-and-Oil Union of Russia appealed to the Government to increase the export duties on sunflower seed
July 18, 16:00
In 2016/17 MY, Russia exported 42.3 mln tonnes of grains and oilseeds - Rosselkhoznadzor
July 18, 15:00
Russia harvested over 18 mln tonnes of grains - Ministry of Agriculture
July 18, 09:50