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  Monday, September 16, 2019
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The government has no plans to reintroduce import duties for high-tech equipment for Russian enterprises
The government has no plans to reintroduce import duties for high-tech equipment for Russian enterprises, a deputy prime minister told a meeting of Russia's top business forum Tuesday. "The government made a strategic decision to cancel duties for high-tech equipment," Alexander Zhukov told a congress of the Russian Union of Industrialists and Entrepreneurs. "In nine months, this period will be extended." In March, the government canceled the duties, which constituted 5-10% of customs value, initially for a nine-month period. The move was estimated to cost the budget some $500 million, but Zhukov said this would make it possible to retool enterprises that could later give a higher yield to the state. He said the list of goods exempt from the tax included 800 items used in agriculture, metalworking, wood processing, shipbuilding and aircraft construction.
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