Sunday, July 6, 2008

Putin Cuts Tax Benefits for Foreign NGOs

Last Thursday, Prime Minister Vladimir Putin reduced the number of foreign non-profit organizations eligible for tax benefits on grants.  As the Kommersant newspaper reports, a list of 101 privately-funded organizations has been cut down to only 12 groups. The resolution may mean fewer grants and programs in Russia, and may force some organizations to close their offices entirely.  Groups will now have to pay a steep tax on foreign funding given as grants.  NGOs in Russia say they are already hobbled by a 2005 law requiring burdensome reporting and registration practices.

The decree is set to take effect on January 1st, 2009.

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