ANNOUNCEMENT 19 Mar 2014In March 2014, the government of the Russian Federation announced a targeted tax change.
NUMBER OF INTERVENTIONS
19 2014 398-. , .
With Order 398-p of March 19, 2014 the Russian Government approved a plan to promote the domestic production of cutting-edge technical equipment.
The content of this state measure is in line with that introduced on the onset of the 2008 global financial crisis 'Concept of long-term socio-economic development of the Russian Federation up to 2020', which has the goal to strengthen the position of Russia on the world markets. As such, this plan is further addition to the industrial policy measures taken in recent years.
Concretely, the following broad future measures (with no further details disclosed apart from the responsible state body) are planned to be implemented in the period 2014-2022:
The GTA will provide additional coverage, when more information concerning the implementation acts becomes available. The reference to stimulus measures could include subsidies, tax incentives, and public procurement.