Senators approve amendments to the Tax Code to allow print media to place in their publications advertising messages of up to 45% of the total number, RIA Novosti reported.
Previously, the bill passed three readings in the Duma. Now he has to sign the President. It is expected that the law will come into force from January 1 2017 years.
Recall that the draft law was submitted to the lower house of parliament of the Russian Federation Government. It is intended to support the print media in a crisis.
Now a limit of commercial publications in 40% for print media. In case of exceeding this figure is considered an advertising publication and the obligation to pay VAT at the rate of 18% (instead of 10% for conventional periodicals).
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