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Economics & Business News

President Putin instructed to change the law on taxes and fees regarding the investment deduction

Russian President Vladimir Putin instructed the government to amend the law on taxes and fees by April 1, 2021 regarding the use of the investment tax deduction. This was reported on the Kremlin website.

The Cabinet of Ministers must fulfill the corresponding order together with the All-Russian public organization "Russian Union of Industrialists and Entrepreneurs".

We are talking about the application of an investment tax deduction for the development of educational organizations in the regions of Russia that implement programs of secondary vocational education.

Russian Prime Minister Mikhail Mishustin and head of the RSPP Alexander Shokhin have been appointed responsible for the execution of the order.

Earlier it was reported that State Duma deputy Yevgeny Fedorov sent a letter to the head of the Ministry of Labor of the Russian Federation Anton Kotyakov, in which he proposed to exempt from paying tax on income from a transaction for the sale of one type of housing - inherited real estate.

President Putin instructed to change the law on taxes and fees regarding the investment deduction