Russian airlines wanted to be exempted from excess earnings tax

No time to read?
Get a summary

Russian air carriers want to be exempted from paying unexpected taxes (plus profit) because the aviation industry is not overly profitable and last year’s income was provided with the help of government subsidies. It has been reported interfax With reference to Viktor Sakharov, Deputy Chief Accountant for Tax Accounting at UTair Aviation.

st. “The industry’s recommendation is to exempt aviation from this additional tax because it is not an extremely profitable industry,” he said at the St. Petersburg International Law Forum.

Sakharov explained that in fact, profits from last year’s subsidies will be spent on the next maintenance of the fleet, the purchase of spare parts and other upgrades. He added that such a position was created by the Association of Air Transport Operators (AEVT), which unites the largest airlines of the Russian Federation, and Sakharov heads the tax committee.

According to Sakharov, the average profitability of aviation in Russia rarely exceeds 2%, and in recent years it has completely dropped from 0% to 1%.

No time to read?
Get a summary
Previous Article

Marochko announces that data on new attacks on Lugansk are not confirmed

Next Article

Muszyński explains to the security service about pensions. He shifts the responsibility to… Czuchnowski. Pereira: “The leader of the putschist gang”