12/02/2009 15:35
Russian Duma to exempt mass media from VAT
Russian State Duma has reviewed the bill on cancellation of the VAT for media publications, gazeta.ru reports referring to «The Kommersant».
«The norms should extend to the bill on «Ensuring the economic independence of the mass media» now being prepared by Russian Information Policy Committee», Boris Reznik, the deputy of «United Russia» party told the newspaper.
According to the source, the bill is disapproved by Russian Ministry of Finance. However, Journalists' Union of Russia approves the cancellation of the VAT but it thinks that «Ensuring the economic independence of the mass media» should be carried out only after the reviewed «Law on Mass Media» has been adopted.