Russian Ministry to prepare a special tax regime for Crimea

завантаження (1)Monday, March 17, 2014, 21:36

The Finance Ministry of the Russian Federation does not exclude the introduction of special tax regimes for Crimea for a transitional period when the peninsula is included into Russia.

Interfax Ukraine reports that the topic was raised by Russia’s Deputy Finance Minister Sergei Shatalov, who oversees tax topics.

“Probably joining Crimea to Russia will require significant changes in tax legislation – the formation of the customs service, tax service, tax register of legal entities and persons, as well as rules to adapt to the Russian tax system. Transition periods will be needed, it is possible that that there will be special tax regimes,” said Shatalov.

The original text is on Ukrainska Pravda at: http://www.epravda.com.ua/news/2014/03/17/428185/

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