Oilers received long-awaited holidays

Oil Resursy03-07-2008 Oil companies have long-awaited holidays Oil "province", requiring large expenditures on infrastructure, partially freed from the tax burden. New amendments to the Tax Code, approved by the State Duma, fully meet the interests directly to Rosneft, Gazprom, Lukoil and Zarubezhneft. The MPs are hoping that the oil funds become available for investment and modernization of the State Duma at plenary meeting on Wednesday passed the second reading of amendments to the Tax Code regarding establishment of an enabling fiscal environment for the implementation of innovative development of the economy, improve social welfare of citizens and clarifying the scale of severance tax for oil. Thus, the bill proposed to exempt from taxation on personal income and the unified social tax payment amount for the primary and secondary education and vocational programs and vocational training (retraining) of individuals in the Russian educational institutions, having the appropriate license, or foreign educational institutions having appropriate status. Also exempt from taxation the amount paid by the (individual entrepreneurs) to its employees for reimbursement for payment of interest on loans (credits) to purchase and (or) the construction of the dwelling.