|Russia Introduces Copyright Tax|
(This article is from Tax-News.com, and we put it here only for our internal members to study and research. If it violates the author’s copyright, please send e-mail to firstname.lastname@example.org, and we will delete it immediately.)
Russian Prime Minister Vladimir Putin has signed decree N829 in accordance with article 1245 of the Russian Civil Code to enable the introduction of a 1% charge on mobile phones, computers and all kinds of audio-visual equipment in order to pay royalties to suppliers of media content.
From January 1, 2011, suppliers and manufacturers of equipment are directed to pay 1% royalties to the authors of media content through the Russian Union of Copyright-owners (CPR).
The list of media devices included is comprehensive, ranging from flash drives and disks to video cameras and computers. It is intended to cover any technology that can be used to play and copy audio-visual content.
The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances.
Published on our website on Nov.1, 2010