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Monday, October 24, 2016

The bill for the development of transport mechanical engineering submitted to the Duma

According to the report on the website of the Russian government, a bill aimed at the development of transport engineering, submitted by the Cabinet of Ministers for consideration in the lower house of Parliament. At the government meeting on 18 August 2016, the document was reviewed and approved. According to the report on the website of the Cabinet, next year it is proposed to exempt the taxpayers from tax on property of organizations in respect of vehicles state registration. The provision applies to vehicles produced after January 1, 2013, taken on record by the organizations as a result of the reorganization or liquidation of legal entities, as well as the transfer, including the acquisition of property between related persons.


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