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Feature

Russian tax hike to fund higher outbound subsidies

2018-11-07T10:14:08Z

Russia’s deputy prime minister, Dmitry Kozak, has announced plans to raise the utilisation fee on imported vehicles by 30%, to help fund an increase in the subsidies provided to export projects in the automotive sector.Both Russian assembly plants and importers have been subject to the utilisation fee since 2014. The ...

Feature

Russia ends era of industrial agreements

2018-05-15T14:54:20Z

Russia is scrapping its Regulation 166 agreement, which allows foreign carmakers building cars in the country to import parts at preferential rates of customs duty. According to the country’s Ministry of Economic Development, the industrial agreement regime will cease on July 1 this year.In a statement posted on its website, ...