19.04.12 Russia abolishes tax on movable property of organizations.
Russian Prime Minister Vladimir Putin at the expanded meeting of the board of the Ministry of Finance of the Russian Federation in Moscow on April, 17 announced that the Government decided to abolish the tax on movable property for organizations.
The Head of the Cabinet noted that this measure is aimed at stimulating renewal of fixed assets of legal entities, and stressed the fact that taxes on the manufacturing business, modernization and investment should not be onerous.
According to preliminary estimates, abolishing tax on movable property will allow businesses to save up to 80 billion rubles.
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19.04.12 Russia abolishes tax on movable property of organizations.
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