The Russian government can limit deductions on corporate profit tax for consolidated taxpayer groups from 2017, Deputy Finance Minister Ilya Trunin said. The current consolidated taxpayer group rule allows companies to include an unlimited amount of corporate units running at loss into the taxable base and reduce it. Trunin said that the Finance Ministry offered…
Russia has banned pork imports from Moldova starting with October 6, due to an outbreak of ASF. This was reported by the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor). (TASS/Business World Magazine)
The Russian union of milling and groats enterprises estimates the deficit of 3-grade wheat in the current year at the level of 12.6 million tons, the President of the Union Arkady Gurevich said. According to him, in the current year the forecasts for grain production in the country are quite significant, but large harvest usually…
The Ministry of Agriculture of Russia has increased its estimations of the general wheat harvest in Russia in the current year from the previously forecast index at 71 million tons to 72 million tons, the Director of the Department of plant growing, chemicalization and plant protection at the Ministry of Agriculture Petr Chekmarev declared. At…
Wholesale distribution center constructor RosAgroMarket plans to build a 19.2 billion ruble vegetable storage center in the Rostov region in Russia’s south, a spokesman for the region’s Governor Vasily Golubev reported. RosAgroMarket will start construction of the facility’s first stage in January-June 2017, and will construct 125,000 square meters of shopping and storage area with…
Russia’s cross-border sales of goods and services, including digital goods, content, games and social networks, will grow by 32% in 2016 to $2 billion, payment platform PayPal and research agency Data Insight said in a study. The internal e-commerce market will exceed $20 billion in 2016. “The market of retail Internet exports of goods and…
Ukraine’s Verkhovna Rada has amended the law on 2016 national budget, expanding expenses on defense and security by 7.1 billion UAH without the increase in the deficit of the national budget. A total of 265 lawmakers backed bill No. 5217 at the session of the parliament. The government’s bill was registered in parliament on October…