The Russian Parliament has approved legislative amendments to the country's tax system allowing regional authorities to set a sales tax capped at 5 per cent. The Duma deputies voted overwhelmingly for the tax with 388 in favour, 2 against and 1 abstention.
Valid until January, 2004, the tax will be levied on the sales of goods and services that are either paid for in cash or by banking transfers. Basic food stuffs, housing, communal services and several services related to culture and the arts will be exempt from the tax.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment