Source Pravda.Ru

Budget Committee Recommends That Duma Exempt Press From Sales Tax

The State Duma Committee on Budget and Taxes has recommended that the lower house should return the Tax Code chapter on the sales tax, adopted on October 17, to the second reading and pass an amendment to exempt the press from the sales tax. Speaking at a meeting of this committee of the Duma, First Deputy Finance Minister Sergei Shatalov made this proposal on behalf of the government. As it was reported earlier, the State Duma had approved the sales tax rate of 5% on the second reading.