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Presidential Executive Office2023
Events

Dmitry Medvedev made amendments to the law on taxes and duties in the aim of supporting Russia's taxpayers at this time of economic difficulties

November 26, 2008
15:40

The main changes include a 20-percent reduction in the profit tax rate for organisations, further liberalisation of depreciation procedures, a special procedure for tax payment deferrals and instalments, and giving the country’s regions the right to lower several different taxes. The amendments also concern the timeframes for carrying out tax inspections and the procedures for reporting their results.

Furthermore, the amendments introduce tax exemptions for the import to Russian territory of technical equipment in cases where no locally-produced equivalent exists.

The amendments also provide for other tax incentives and simplified payment procedures that will be applicable to the current 2008 tax year.

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Published in section: News

Publication date: November 26, 2008, 15:40

Direct link: en.kremlin.ru/d/2233

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Official Website of the President of Russia:

Dmitry Medvedev made amendments to the law on taxes and duties in the aim of supporting Russia's taxpayers at this time of economic difficulties

http://en.kremlin.ru/events/president/news/2233

Last updated at March 20, 2015, 18:02

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