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No new taxes to be introduced in Russia in next 3 years

July 10, 2013, 17:25 UTC+3

Prime Minister Dmitry Medvedev said an exception will be made only for the luxury tax and excise duties

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MOSCOW, July 10 (Itar-Tass) - No new taxes will be introduced in Russia in the next three years, Prime Minister Dmitry Medvedev said.

At a meeting with the members of the Bureau of the Russian Union of Industrialists and Entrepreneurs’ Board on Wednesday, July 10, Medvedev recalled that the government had recently approved the main guidelines for tax policy in 2014-2016.

“No major changes in the structure of the tax system or new taxes are being planned during this three-year period,” Medvedev said.

First Deputy Prime Minister Igor Shuvalov also confirmed earlier that the Russian tax system would not change until 2018 as a minimum.

An exception will be made only for the luxury tax and excise duties. The government is also ready to reduce insurance premiums for small business.

“We have agreed to a compromise of some sort. This compromise has been formalised in a draft law that is being debated by the State Duma. The government approves of this draft law,” Shuvalov said.

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