Minister of Taxes and Duties Sergei Nalivaiko about innovations in tax legislation

The investment deduction for buildings  will be raised from 15% to 20%  deduction for equipment will be increased from  30% to 40%  to attract capital in the manufacturing next year. These innovations are prescribed in the tax laws. This week, deputies adopted them in the first reading. 

According to them, local councils of deputies may at their discretion increase the income tax for some companies. Additional money will be spent, for example, on road construction in regions, announced Minister of Taxes and Duties Sergei Nalivaiko.