Finance Min to name tax-exempt education, healthcare cos in April.

MOSCOW, April 1 (Itar-Tass) - Russia's Finance Minister plans to
choose by the middle of April what companies in the sector of healthcare
and education will be exempt from the profit tax, Deputy Minister Sergei
Shatalov told reporters on Wednesday.
"At present, we just have common instructions and we have to formulate
approaches. I believe that by the middle of April we will do this," he
said adding that the Ministry plans to draft this law in the shortest
possible timeframe as it should be adopted before the end of the
parliament's summer session.
In compliance with the tax policy for 2011 non-profit educational,
healthcare and research organizations will be exempt from the profit tax.
Prime Minister Vladimir Putin offered to cover commercial educational
and healthcare institutions as well and to set eight-year tax breaks for
them.
"It's clear that there should not be a tag 'education' or 'healthcare,
there should be essence. There should be companies that work in this
sector, and we have to identify them somehow," Shuvalov said.
At the same time he noted that if a company is engaged in several
activities, it should be exempt from paying the profit tax only in those
sectors that have relation to education or healthcare.
At present, the Finance Ministry conducts consultations with the
Health and Social Development Ministry to define what companies will be
put on the list of benefits.
"We have to define whether cosmetology and dentistry fall under these
criteria or whether it is another sort of activities that should not be
exempt from the tax," the deputy minister said.



.Russian Fashion Week celebrating its 10 years.


MOSCOW, April 1 (Itar-Tass) - Russian Fashion Week, the biggest
fashion event in Eastern Europe, is celebrating its 20th season/10 years
in Moscow's Congress-Hall of World Trade Centre on April 1-6.
"For us every season is already a holiday. The number of Russian
designers grows from year to year. The halls are overfilled with buyers
and clients of the Fashion Houses. The brand Russian Fashion Week made a
noise in the world of fashion. This is a good result of a decade's work,"
the general producer of Russian Fashion Week, Alexander Shumsky, said in
an interview with Itar-Tass.
Along with Russian designers renowned fashion designers from the UK,
Latvia, Croatia and Sri Lanka will make their mark in Moscow.
By tradition famous Russian designer Slava Zaitsev will unveil the
event with his new collection Metamorphoses.
Catwalk show from South Korean fashion designer Lie Sang Bong will be
devoted to the 20th anniversary of diplomatic relations between Russia and
South Korea. Organizers of the show disclosed some secrets - models will
wear creations containing letters in Cyrillic and Hangul from verses of
famous Russian poet Alexander Pushkin and Korean poet Kim So-wol.
A large-scale business program is expected and the Fashion Film
Festival will gather not only fashion lovers, but also cinema buffs.
"It's natural that we do not forget that beauty not only is what's on
the outside but is what is on the inside," Shumsky said.
"Therefore on April 6 we will organize a catwalk for charity. We've
been holding such shows for many seasons. This time it will attract
attention to women's health," he said.
Russian Fashion Week's program includes "Extending the Runway:
Tatiana Sorokko Style" exhibition by famous Russian top model Tatiana
Sorokko.
Russian Fashion Week is held in Moscow twice per year, in April and
October, and turns the Russian capital into the hottest fashion
destination.

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