taxes

Turkey Seeks to Restructure Taxes Again to Boost Economy, Budget

Turkey Seeks to Restructure Taxes Again to Boost Economy, Budget

The government plans to restructure nearly $20 billion in unpaid taxes

China seen moving swiftly to rein in oil blending frenzy

China seen moving swiftly to rein in oil blending frenzy

When the consumption tax takes effect, China's exports of gasoline are expected to drop

Russian finance minister on scrapping oil export duty

Russian finance minister on scrapping oil export duty

Russian finance minister Anton Siluanov proposed scrapping the country's oil export duty from 2022-2025 as the government looks to optimise the tax system for the oil and gas industry. Speaking at an economic …

 Russian Finance Ministry to raise VAT, cutting social security tax

Russian Finance Ministry to raise VAT, cutting social security tax

Russia is considering raising value added tax but lowering mandatory social security payments, the country's Finance Minister Anton Siluanov said today, speaking at an economic conference in Moscow. Siluanov said …

Russia’s Economic Development and Finance ministries agree to raise VAT

Russia’s Economic Development and Finance ministries agree to raise VAT

Russia’s Economic Development and Finance Ministries have agreed that they will have to cut taxation of labor and compensate budget losses by higher indirect taxes like value-added tax (VAT) in order to support the economy, Vedomosti …

Penalties for tax evasion weakened in Armenia

Penalties for tax evasion weakened in Armenia

The Armenian parliament adopted the draft amendments to the Criminal Code on weakening of the penalties for tax evasion. The bill was adopted unanimously by 96 votes, News.am reported. According to new bill, those who include …

Saudi Arabia calls an end to tax-free living as oil slump continues to bite

Saudi Arabia calls an end to tax-free living as oil slump continues to bite

Oil has suffered a steady decline since the beginning of 2014, when it was trading well above $100 per barrel

 Iran#039s tax revenues increase by 25%

Iran's tax revenues increase by 25%

The government’s tax revenues have grown by 25% in the first eight months of the current Iranian year (started March 20) compared with last year’s corresponding period, the head of National Tax Administration, Kamel …

30% tax amnesty declared in Azerbaijan

30% tax amnesty declared in Azerbaijan

The Parliamentary Committee on Economic Policy, Entrepreneurship & Industry has received the Bill on Tax Amnesty. A Milli Majlis source says that the Bill was developed on the initiative of the head of state. "The tax …

Does Russian Finance Ministry reject progressive personal income tax scale?

Does Russian Finance Ministry reject progressive personal income tax scale?

Russia should not consider the introduction of a progressive personal income tax scale in the coming years, the Russian Finance Minister Anton Siluanov said at the congress of the Russian Union of Industrialists and …

Georgia#039s State Budget 2017: rapid economic growth and blow at pockets

Georgia's State Budget 2017: rapid economic growth and blow at pockets

2017 state budget was oriented on fast economic development, Georgia’s Prime Minister Giorgi Kvirikashvili said at the governmental meeting. "The 2017 state budget is focused on fiscal sustainability, …

Progressive personal income tax scale to be implemented in Russia

Progressive personal income tax scale to be implemented in Russia

The Russian government is considering a progressive personal income tax scale, the Russian Deputy Prime Minister Olga Golodets said. “I think that in order to alleviate poverty, an income tax exemption on the …

 Vahagn Khachatryan: Political tool needed to solve problems in Armenian economy

Vahagn Khachatryan: "Political tool needed to solve problems in Armenian economy"

An expert on economic issues on the draft budget and the economic situation

Russian Finance Ministry preparing #039tax winter#039

Russian Finance Ministry preparing 'tax winter'

Russian Finance Ministry will propose the government to maintain the rate of income and other taxes at current levels for the next few years, the department said in the draft of 'the main directions of tax policy for 2017-2019', …

Siluanov warns of wider budget deficit

Siluanov warns of wider budget deficit

Russian Finance Minister Anton Siluanov warned at a conference in Sochi that the budget gap will be wider this year than earlier forecast, forcing Russia to step up the pace of domestic borrowing. The deficit may …

New oil tax system can be introduced in Russia in 2017

New oil tax system can be introduced in Russia in 2017

The Russian government will consider the Finance Ministry’s proposals on the tax policy directions for 2017-2019 on October 13, the Russian Deputy Finance Minister Ilya Trunin said. "This could be in …

 Azerbaijan to help small and medium-sized businesses

Azerbaijan to help small and medium-sized businesses

Azerbaijani Deputy Taxes Minister Ilkin Valiyev said that Income tax and value added tax (VAT) rates for small and medium-sized enterprises engaged in production will be reduced in the country. He made the remarks at a …

Medvedev urges to change tax system in the Russian Federation

Medvedev urges to change tax system in the Russian Federation

Russian Prime Minister Dmitry Medvedev said that it is necessary to re-write the tax system in Russia in such a way that it can raise the money in the budget and also stimulate the creation of promising competitive products and …

 Russian Finance Ministry promises not to raise taxes

Russian Finance Ministry promises not to raise taxes

It will not be proper to change Russian taxation system in coming years, the Russian Finance Minister Anton Siluanov said. "We see the need of keeping tax sources and taxes existing to date. It will not be proper …

Russia raises duties on oil and oil products

Russia raises duties on oil and oil products

Russia's oil export duty was increased by $14.6 to $80.6 per ton from June 1, the Ministry of Economic Development said. Reduced custom fees for oil from Eastern Siberia, Northern Caspian and the Prirazlomnoye Field were still …

Naryshkin comments on possibility of raising taxes after 2018

Naryshkin comments on possibility of raising taxes after 2018

The Russian State Duma Speaker Sergey Naryshkin said that he would not support the proposal to raise taxes after 2018 and confirmed that there are no such decisions. "Indeed, such a decision was not taken at any …

Stavropol victims of radiation exempt from vehicle tax

Stavropol victims of radiation exempt from vehicle tax

Today deputies of the Duma of the Stavropol Territory adopted an amendment to the regional law "On transport tax". Now victims of radiation accidents won't pay the vehicle tax, the press service of the Parliament of the region …

Valentina Matviyenko: The transition to cadastral value must be clear’’

Valentina Matviyenko: "The transition to cadastral value must be clear’’

Видео

The Federation Council held a meeting of the Council of the Russian Federation of the Presidium of the Legislators. The event is dedicated to the problems of transition to the collection of taxes on the property of organizations and individuals …

System of cadastral value assessment lacks transparency and independence

System of cadastral value assessment lacks transparency and independence

Видео

It must be improved Chairwoman of the Federation Council Valentina Matviyenko says

Fines for illegal trade of alcohol may increase

Fines for illegal trade of alcohol may increase

The situation with counterfeits and tax evasion cannot be said to be a specific problem of the Caucasus republics

Business to be more informed

Business to be more informed

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‘Navigator of Success’ is a reminder, a great helper and a friend's shoulder for small and medium-sized businesses

How to reduce the fiscal burden on business?

How to reduce the fiscal burden on business?

Видео

What to do with the system of non-tax or no-charge payments?

Siluanov promises to introduce excise taxes on harmful products from July 1st

Siluanov promises to introduce excise taxes on harmful products from July 1st

The Russian Ministry of Finance proposes to set excise taxes on harmful products from July 1st of this year, Finance Minister Anton Siluanov stated on the sidelines of the 'United Russia' party congress. …

Georgian government to boost large banks

Georgian government to boost large banks

The government has introduced new tax changes, which will allow large banks to save millions: it is about changes in the tax code, according to which the companies operating on the international stock exchanges will be exempt from paying taxes on …

Azerbaijani pharmacies may be exempt from VAT

Azerbaijani pharmacies may be exempt from VAT

At present the Azerbaijani authorities are considering the possibility of exempting pharmacies from paying VAT, the Deputy Prime Minister of the Republic, Ali Ahmadov, said. He noted that in some countries …