Russia lowers tax on large bizjets

Aviation International News » October 2007
September 26, 2007, 10:43 AM

The Russian government has halved the import tax on large business jets from 20 to 10 percent. The country’s Ministry of Economic Development and Trade confirmed the duty reduction in late August and announced that initially this will apply to aircraft weighing between 15 and 20 metric tons (33,068 to 44,091 pounds). The import duty reduction will cut approximately $2.2 million from the cost of importing a new Gulfstream G200, for example. The ministry has also indicated that it intends to extend the tax break to smaller business aircraft and eventually scrap the import duty on foreign aircraft altogether.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.