According to reports in the Russian media last week, the government is set to collect around US$154 million in tax from small businesses this year, almost half the amount collected in 2002.
However, Anatoly Melnichenko, head of the Small Business Taxation Department explained recently that this is due to the simplification of the tax system for small businesses which is coming into effect this year, and is designed to dranatically reduce the tax burden for small businesses and business people.
Reporting on the forthcoming change, the Pravda news service revealed that:
'By the beginning of December 2002 about 200 thousand organisations and more than 300 thousand private business people had applied to switch to the simplified tax system in 2003.'
.
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