Login

 

Forgot password?
submarines shipbuilding Black Sea Fleet exercise Pacific Fleet Russian Navy Northern Fleet strategy cooperation Ukraine visits Russia piracy missiles trials Sevastopol history Sevmash presence contracts drills Baltic Fleet industry incident anti-piracy shipyards Gulf of Aden frigate training Somalia India developments reforms opinion Borei policy procurements Russia - India aircraft carrier Crimea arms exports USA St. Petersburg tests France financing Bulava Yury Dolgoruky Serdiukov US Navy cruise Mediterranean Zvezdochka NATO innovations Indian Navy United Shipbuilding Corporation Medvedev Arctic agreements commission Admiral Gorshkov Admiralteyskie Verfi Vladivostok Mistral accident hijacking corvettes overhaul Russia - France Admiral Kuznetsov anniversary Rosoboronexport Vysotsky ceremony event Yantar Severomorsk defense order negotiations conflict aircraft China deployment naval aviation investigations Putin Black Sea Varyag coast guard Novorossiysk Vikramaditya landing craft crime Far East marines meeting Severnaya Verf scandals memorials traditions Syria South Korea Japan escort statistics Yasen Neustrashimy tenders Marshal Shaposhnikov Admiral Chabanenko convoys Ukrainian Navy Chirkov problems Severodvinsk reinforcement tension firings tragedy technology hostages provocation Baltic Sea Moskva Almaz frontier service search and rescue Caspian Flotilla upgrade court Dmitry Donskoy keel laying rumors Turkey World War II Kaliningrad death Admiral Panteleyev Atalanta helicopters Kilo class shipwreck Petr Veliky Rubin Admiral Vinogradov Norway patrols Russia-Norway delivery
Search
Our friends russian navy weapons world sailing ships
 
Tell a friend Print version

Russian Defense Industry Gets Tax Benefits

Russian Defense Industry Gets Tax Benefits 26.03.2012
Text: Lenta.Ru
Photo: Defense industrial plant. nashural.ru
Russian Government will restructure tax debts of companies engaged in execution of state defense order, writes Vedomosti on March 26 referring to undisclosed federal officials.

According to the newspaper, about RUR 100 bln is in question. It is uncertain what portion of that money will be written off and how much tax payment will be postponed. The reason for such large-scale tax benefits is problems that defense-oriented companies face.

According to Russian Federal Budget Law covering 2012 and planning period of 2013-2014, the government has a right to write off debts of defense companies either partially or in full. Once the government makes a decision on tax restructuring, this process must start until Sept 2012.

In 2011, Russian companies failed to meet commitments on 84 defense contracts to the amount of RUR 42 bln. Besides, defense ministry postponed deadlines of 197 contracts to the sum of RUR 105.8 bln. State Defense Order 2012 will be somewhat RUR 732.5 bln.

Largest executors of defense order are United Shipbuilding Corporation, Uralvagonzavod, state-led corporation Rostehnologii, United Aircraft Corporation, Russian Helicopters, etc.

Back to the list





Back to news list