Vladimir Yefimov: ‘Zero movables tax will let business grow’

26 February 2018

On February 21, 2018 the Moscow City Duma adopted a law on zero taxation for movables registered since January 1, 2013. The zero tax is aimed to incentivize the renewal and update of key assets. This support measure will decrease the total 2018 tax burden for businesses by RUR 19 bn.