14 May 2004 01:50
UNIFIED SOCIAL TAX CUT TO HAVE MAJOR IMPACT ON MANUFACTURING
"The effective UST rate will go down to the largest extent at
companies with small salaries," he said, adding that this was most
pertinent to companies in the machine building, light and food
MOSCOW. May 11 (Interfax) - Lowering the unified social tax in 2005 to 26% from 35.6% will have the largest impact on
manufacturing sector companies with small salaries, acting deputy prime minister Alexander Zhukov said at a Federation
Council meeting Tuesday.
industries. "The effect will be much greater than for raw materials industries and this is also has a structural
maneuver element."
There will be a less noticeable impact on the raw materials sector, where salaries are higher, because the threshold
for the regressive scale of the tax will be changed, he said.
[Interfax] |
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