AMENDMENTS TO THE TAX LAWS OF MORDOVIA
At the regular session of the State Assembly of the Republic of Mordovia there were introduced amendments to some tax laws of the Republic of Moldova. They cancel unclaimed tax incentives and benefits, which are considered ineffective according to the results of the assessment carried out in accordance with the requirements of the Ministry of Finance of Russia.
According to the official website of the newspaper "Izvestiya Mordovii", among others there was cancelled the tax exemption on income tax and property tax for exporting companies. This tax benefit contradicted the provisions of the Treaty on the Eurasian Economic Union and violated the international obligations of the Russian Federation.
It is expected that the revision of the tax preferences established by regional legislation in 2019 will add 32.4 million rubles of tax revenues to the budget of the Republic.
The rates of transport tax have been changed in accordance with the program of improvement of public finances of the Republic of Mordovia. Thus, the rates of transport tax were brought to the average for the regions of the Volga Federal District.
FOR REFERENCE
The adopted amendments will increase the revenue of the Road Fund of the Republic of Mordovia.