Uralmashg no longer gets tax relief

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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