Russia tax code to see major changes in 2000

Deputy Tax Minister Mikhail Motorin said 2000 will witness major changes in Russia's tax legislation. The part of the Tax Code dealing with the profit tax and, probably, the value-added tax will hopefully be adopted in 2000, Motorin said, adding that the road tax is likely to be 1 % lower.
"These changes have been written into the 2000 draft budget," he said. The government also intends to cancel the fuel tax, and increase the gasoline excise and introduce an oil-and-diesel excise instead.
Several taxes will be abolished due to the introduction of the sales tax which will span all Russia by 2000, according to him.