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  N e w s

JULY 13, 2001  


State Duma Affirmed 12% Excise Rate

Deputies of State Duma passed amendments to Tax Code. Most of the legislators voted the governmental budgetforming draft. It will increase tax rate up to 12% for excised goods.
Under the new bill current rates for jewellery and natural gas will be the same - 5% for jewellery, 15% for gas exported to CIS countries and 30% - for foreign export.
The need to increase excise rates is motivated by inflation growth.


Source: NTV
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