Putin instructed to extend the increased tax deduction for winemakers until 2026
[ad_1]
Increased excise tax deduction for winemakers will be extended until 2026. This is stated in the list of instructions of President Vladimir Putin, published on website Kremlin. The instruction was given to the government, the deadline for execution is December 15.
According to the document, we are talking about a tax deduction for excise tax “levied on the use of grapes for the production of alcoholic beverages using full-cycle technology, subject to the reinvestment of the relevant funds in the development of production and an increase in vineyard areas.”
In May, the authorities of the Krasnodar Territory suggested raise import duties on foreign-made wine in order to “save the region’s market from low-quality products.” The head of Kuban, Veniamin Kondratiev, said that high demands are placed on the domestic product, while foreign companies supply “low-grade products” to stores, and called this situation unacceptable. Ministry of Finance after that admitted raising duties on imported wine.
[ad_2]
Source link
