Light industry enterprises are exempted from income tax for 5-10 years
Domestic light industry will suffer the most from Russia#39;s membership in the World Trade Organization, but because the industry needs to free enterprise income tax for 5 - 10 years, said the chairman of the State Duma Committee on Economic Policy, Entrepreneurship and Innovation Development Igor Rudenskiy, speaking at a meeting of Mercury ` Club `in Moscow, reports On the eve.
`Budget revenues from light industries account for about 2.5 billion rubles, and now in the WTO are reduced. I think we should release the enterprises of light and textile industry from income tax for 5 - 10 years if they invest into themselves and do their own modernization #39;, - said Igor Rudenskiy.
`We have worked hard and continue to work on the support of light industry, but at a time when the customs duties fell from 40% to 5%, it must be admitted that the enterprises of light industry will have a very hard time. But today, the share of imports accounted for 80% of our market #39;, - he added.
`Of the 5 billion rubles allocated for supporting industries, 3 billion will go to support the textile and light industry, of which 600 million rubles will be spent on subsidizing interest rates on bank loans#39;, - said Igor Rudenskiy.
