The Russian government’s legislative commission has proposed setting a zero percent value-added tax (VAT) for aircraft registered in Russia to boost civil aviation development. The government, which published the tax code amendments June 10, also plans to set a zero percent VAT on aircraft engines and spare parts for aircraft registered in Russia. If approved, it will be sent to parliament. Currently, most Western-built aircraft operating in Russia are registered in Bermuda or ...

Subscribe to Access this Entire Article

"Russia proposes zero percent VAT for locally registered aircraft" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.