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MPs abolish inheritance tax?

June 10 2005

Today at the plenary session of the Duma deputies adopted on second reading amendments to the Russian tax legislation, abolishing inheritance tax and setting the tax rate on gifts.

The bill eliminated the reference to inheritance tax from the Tax Code (TC) and other legislative acts of the Russian Federation. Procedure for the taxation of property, passing in a donation to the donation contract is transferred to the head of the Tax on the tax on personal income, according to Interfax.

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