A draft law on exemption of ports from property tax submitted to RF Government for consideration, Sergei Razgulin, deputy head of Tax and Customs Tariff Policy Department of the Ministry of Finance said at the conference "Beyond the crisis outline. New routes of water transport development" arranged by PortNews IAA.
The tax exemption is envisaged for ports, where infrastructure is currently being developed at the expense of the federal budget. “The increase in value of the port’s property driven by the reconstruction and modernization and entailing furious tax take is supposed to be exempted from property tax for 15 years,” he said.
The conference "Beyond the crisis outline. New routes of water transport development" was held by PortNews IAA on September 24 within the framework of the 10th international exhibition and conference for shipping, shipbuilding, ports and offshore energy exploration NEVA-2009. The exhibition will last till Friday, September 25.
The tax exemption is envisaged for ports, where infrastructure is currently being developed at the expense of the federal budget. “The increase in value of the port’s property driven by the reconstruction and modernization and entailing furious tax take is supposed to be exempted from property tax for 15 years,” he said.
The conference "Beyond the crisis outline. New routes of water transport development" was held by PortNews IAA on September 24 within the framework of the 10th international exhibition and conference for shipping, shipbuilding, ports and offshore energy exploration NEVA-2009. The exhibition will last till Friday, September 25.