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.

Lot of 2-35mm Cameras-Sealed SAKAR Preloaded/Reusable+Studio 35 Single Use-Exp picture
Lot of 2-35mm Cameras-Sealed SAKAR Preloaded/Reusable+Studio 35 Single Use-Exp
Photographer & Camera 1860s Tintype - Daguerreotype Tripod Studio Antique Photo picture
Photographer & Camera 1860s Tintype - Daguerreotype Tripod Studio Antique Photo
Vintage Kodak Studio Scale Metric Complete Working Condition in Box Inv#VD01 picture
Vintage Kodak Studio Scale Metric Complete Working Condition in Box Inv#VD01
Polaroid 402 Miniportrait Studio Express camera.USED picture
Polaroid 402 Miniportrait Studio Express camera.USED
Mamiya RB67 Professional S Studio Camera with Mamiya C 180mm f4.5 Lens & ProBack picture
Mamiya RB67 Professional S Studio Camera with Mamiya C 180mm f4.5 Lens & ProBack