Ukraine's Tax Code will remain in effect in Crimea until the end of this year

Ukraine's Tax Code will remain in effect in Crimea until December 31, 2014, Dmitry Grigorenko, Deputy Director of Russia's Federal Tax Service, told the newspaper Izvestia in an interview.
"The local tax legislation will function until January 1, 2015. Before that date, it will be gradually changing, bringing all its requirements closer to Russian ones," Grigorenko said.
In the process, local taxationbodies alreadynow fully and independently collect taxes to Crimea's budget, he pointed out.
RF Prime Minister Dmitry Medvedev, speaking at a special meeting on support for the socio-economic position of the Republic of Crimea and the city of Sevastopol on March 24, suggested exempting Crimea's companies that passed into Russian jurisdiction from paying taxes for the transitional period.