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23.08.2011 - New amendments touching on charities to the Internal Revenue Code came into effect.
Now there are less tax barriers either for aid recipients or for those who provide charity support.Mr. Medvedev signed a new Federal Law “About amendments to Part II of the Russian Internal Revenue Code to improve the taxation of nonprofit organizations and charities”. Particularly, due to changes charity recipients will be absolved of taxes. Earlier taxes were impossibly heavy for them. Back |
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