Koltsovo Airport to pay 35% less to region’s budget

1 July 2010 (09:59)

Yekaterinburg-based Koltsovo Airport is going to pay 35.7% less tax to Sverdlovsk Region’s budget this year. This drop covers for a 100% decrease in profit tax payments, Koltsovo Airport’s General Director Evgeniy Chudnovskiy announced at a regional recession-fighting committee’s meeting.

Chudnovskiy explained the lack of profit tax resulted from the fact that Aviaprad Airlines’ debt to the airport had been written off at the time.

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