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Russia Confirms Tax Rate Freeze

by Tatiana Smolenskaya, Tax-News.com, Moscow

26 June 2015


Affirming commitments made last year, Russia's President, Vladimir Putin, has stated that tax rates will be frozen for the next four years.

Putin has indicated that he wants to offer greater support to new and growing businesses. He stated that the freeze will remain in place regardless of any other changing situations or budgetary pressures.

He also said that his Government is considering plans to introduce investment incentives for existing businesses, alongside those already in place for new ventures.

TAGS: Russia | tax | small business | business | tax incentives | fiscal policy | budget | tax planning | tax reform

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