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For the development of tourism in the Far Eastern Federal District the Russian government will introduce new support measures - EastRussia | Far East

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To develop tourism in the Far Eastern Federal District, the Russian government will introduce new support measures

The Russian government, on the instructions of President Vladimir Putin, will present another measure of support for the tourism sector in the Far East before 10 September. The Cabinet of Ministers will work out a proposal to exclude from the assessment of the tax potential in the distribution of subsidies the volume of benefits for property tax for new facilities in the tourism industry built in the Far Eastern Federal District. They will also receive preferences for land tax.

The government plans to release such taxpayers from payments for a period of five years. In the opinion of the head of the Minsk region, Alexander Kozlov, these measures will help develop tourism in the Far East. According to the press service of the Ministry, from 1 January 2018 organizations that engage in tourist and recreational activities in the Far Eastern Federal District receive a zero rate on profits for five years. First of all, preferences concern owners of hotels and tourist bases.

In the autumn session, the deputies will consider a bill aimed at developing cruise tourism in the Arctic zone of Russia and the Far East. The innovations concern the ports and settlements where foreign tourist vessels are allowed to take on board passengers and land passengers on the shore. The authorities plan to discuss the development of the tourist business in the Far Eastern Federal District at the fourth Eastern Economic Forum within the framework of the "Branch Priorities of the Far East" block.