Government Supports Facilitation of Export Currency Regulation



Government Supports Facilitation of Export Currency Regulation

Government Supports Facilitation of Export Currency Regulation

The resolutions published on the official website of the Russian government show that the Government of the Russian Federation in general supports and commissions to research the issue of facilitation or abolishing export currency regulation for certain types of goods and services.

“To adopt as a basis for further research the facilitation of foreign trade regulation, including priority measures: to simplify customs regulation; to simplify (abolish) currency regulation when exporting certain types of goods and services; to introduce an incentivized tax regime and administration, including software and IT services export; to shorten the terms of VAT refund; to relax visa requirements for certain types of package tours as well as travelling with medical, educational and business purposes; to simplify production regulation for export supplies,” the statement says.

Source: https://ria.ru/economy/20180629/1523626509.html (Russian only)

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