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Day: April 24, 2016

A new system of taxation for foreign films has been proposed in Russia

Deputy of Russian state duma from political party “Fair Russia” has proposed new system of taxation for foreign films. The rates of “progressive profits tax” would depend on quantity of cinemas where foreign films are showed. In case if film is showed in 80-100% of cinemas in country the rate would be 20%, in a case of 60-80% the rate would be 15%, in a case of 40-60% the rate would be 10%, in a case of 20-40% the rate would be 5, in a case of less than 20% the rate would be 0%.

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