Moscow approves two-year tax holiday: The authorities in Moscow are to take advantage of legislation introduced late year giving regions the right to set a zero tax rate for newly registered concerns between 2015 and 2020 and is introducing a two-year tax holiday to boost its small business sector. Russia’s capital is also to offer SMEs preferential leasing terms. According to city officials, economic activity in Moscow remains “at a good level” despite the crisis, and the number of business registrations rose by 28,000 in 2014 – 4.5 times the Russian average. Overall, the city has working population of 6.6m, 3.2m of whom are working in large organisations, and 3.4m in the SME sector.
White Square Office Centre Moscow