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Russian State Duma approved in the second reading of the amendment on the extension of benefits to investors in the DFO - EastRussia | Far East






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The State Duma of the Russian Federation approved in the second reading the amendments on extending benefits to investors in the Far Eastern Federal District

Special project TORA and Free Port
Deputies of the State Duma of the Russian Federation approved in the second reading a bill extending the period of benefits for income tax to residents of the PDA and the free port of Vladivostok, implementing major investment projects, the press service of the Ministry of Oriental Development said. The draft law was developed by the Ministry of Finance of the Russian Federation, taking into account the position of the Ministry of Eastern and Eastern Development on the instructions of Vladimir Putin, which was given on the basis of the results of the second Eastern Economic Forum (WEF-2016).

"We are talking about changes in the Tax Code, which concern large investment projects. Tax benefits will be extended for residents of the TOP and free port of Vladivostok. When there are a lot of investments, the period of capital expenditures is long and it turns out that the investor does not make a profit, and the tax privilege has already ended. It is planned to eliminate this imbalance, "the comment of the head of the Minsk region, Alexander Galushka, appears in the message. As reported, the amendments in part 2 art. 284.4 Tax Code adopted by an overwhelming majority in 328 votes.

The bill was discussed at a meeting of the Russian government in July. "In the event that a resident has not received a profit from an investment project, he has the right to extend this possible period of entry into preferential rates. This is 0% in the federal part and not more than 5% in the regional part of the tax, "- then said Prime Minister Dmitry Medvedev. He explained that the projects with an investment of more than 500 million rubles. "Can switch to preferential treatment after five years of work without profit, projects more than 1 billion rubles. - after six years, for especially large projects, over 100 billion rubles, - after nine years. "

Such projects include, in particular, the construction of the Amur GPP Gazprom and the Amur Gas Chemical Combine SIBUR in the TOR Svobodny, the creation of a helium hub in the TOR Nadezhdinskaya and several others.