Russia Suspends Import Duty, Digital Camera Prices Fall

Russia Flag and Camera

To protect the market from illegal imports, the Russian government has temporarily cancelled import duty on digital cameras. The move sent camera prices tumbing down, with one retailer slashing its prices by 10 percent.

The tax holiday will last for 9 months and if the move by the Ministry of Economic Development and trade proves successful, the government plans to do the same thing with mobile phones and laptops.

Russia’s largest mobile handset retailer, Euroset, is backing the move – saying it’ll allow legitimate retailers lower prices while the Government collects Value Added Taxes on the products.

[Via: RussiaToday.ru]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

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