As Russian Infromation Agency Prime-Tass announces, in particular, the government plans to increase the amount of depreciation expenses exempt from taxation to a sum equivalent to 30% of fixed assets, Putin said. At present, the threshold amounts to 10%.
The government also intends to introduce a deferred payment period of up to 10 years for back taxes and to exempt from taxation some revenues from the sale of securities and investment fund shares, he said.
Author: Ksenia Kochneva
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Russian Government Is To Reduce Tax Burden
Prime Minister Vladimir Putin announced that The Russian government plans to reduce the tax burden by 0.5% of gross domestic product to stimulate the economy
