Tuesday, April 20, 2010

New Tax Incentives in Russia

The Government of Russia wants to introduce a number of new tax incentives. Changes will touch companies working in the field of health and education. They will be exempted from income tax until 2020. "For them, tax holidays may last until 2020." - said the Prime Minister Vladimir Putin.

He stressed that it will involve as non-profit as commercial organizations. Moreover, for commercial organizations the latter will be introduced for the first time, because, according to the Prime Minister, "they work in the vital area".
The Prime Minister recalled that the saving energy law was passed. It is proposed to release energy-efficient equipment from property tax for a period of three years.
Nat Lawyer

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