Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
MOSCOW, November 26. /TASS/. Russian parliament has endorsed a law creating a free economic zone in Russia’s Republic of Crimea which joined the country in March 2014.
The special economic zone is set up for 25 years that may be extended later. The law will enter into force on January 1, 2015.
The document envisages zero income tax for ten years to residents of the special economic zone regarding income tax revenues subject to transfer in the federal budget. Laws of Crimea and Russia’s Crimean federal city of Sevastopol can set a lower income tax for organizations to channel these tax revenues to their budgets, but not higher than 13.5% Meanwhile, the law exempts participants of the special economic zone from the tax on property of organizations for ten years and the land tax for three years.