It has long been no secret that Russian shipbuilding industry has low competition capacity. It is required to carry out modernization of shipyards, as well as reduce their wasteful expenditures. There is almost no chance to do it without amending the current legislation – technical re-equipment of enterprises would lead to a sharp increase in deductions on net worth taxes, and import of foreign equipment - from customs duties and VAT. Nevertheless, by March 2010 it is planned to prepare for the introduction to the State Duma the legislation "On measures to support the shipbuilding and shipping in Russia”, the Ministry of Transport, Ministry of Industry and Trade and the United Shipbuilding Corporation (USC) are working on.
2010 February 20
Will it be ever possible in Russia?
It has long been no secret that Russian shipbuilding industry has low competition capacity. It is required to carry out modernization of shipyards, as well as reduce their wasteful expenditures. There is almost no chance to do it without amending the current legislation – technical re-equipment of enterprises would lead to a sharp increase in deductions on net worth taxes, and import of foreign equipment - from customs duties and VAT. Nevertheless, by March 2010 it is planned to prepare for the introduction to the State Duma the legislation "On measures to support the shipbuilding and shipping in Russia”, the Ministry of Transport, Ministry of Industry and Trade and the United Shipbuilding Corporation (USC) are working on.