Uralmashg no longer gets tax relief

8 April 2011 (09:39)

The Russian Federation Government decided that OAO Uralmashzavod should no longer be on the list of companies that can enjoy the preferential terms of foreign machinery supply; the company used to get some tax relief, which was aimed to help the enterprise restore its metallurgical, welding, and assembling facilities, the Russian Federation Ministry for Industry & Trade reports.

The relief used to make it possible for the company to zero in on value-added tax.

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