Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
MOSCOW, February 03, (ITAR-TASS). The bill exempting small and medium businesses in the Far East working in the innovation area from the value-added tax and the profit tax was submitted to the State Duma on Monday by deputies of the LDPR faction with its leader Vladimir Zhirinovsky.
The authors of the bill say these taxes are the second and third sources of funds in the federal budget and present the main tax share. The memo says the bill exempts small and medium businesses from the value-added tax on goods (works, services) in any economic operations if they are engaged in innovation activities. Such businesses are also exempt from profit tax on goods (works, services) if the profits are received from the innovation activities.
The tax benefits are proposed to apply to the Republic of Saha (Yakutia), Primorye, Khabarovsk and Kamchatka territories, Amur, Magadan and Sakhalin regions, Jewish Autonomous region and Chukotka autonomous area.
LDPR deputies are certain that the adoption of the bill will make it possible to create an effective system of support for small and medium businesses, which will promote their innovation activities, and increase the export of high-tech products and the share of the Far Eastern Federal District in the home and foreign markets of science-intensive products.