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It is proposed to leave the preferential rate of insurance contributions to residents of TOR and SPV until 2025g - EastRussia | Far East

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The preferential tariff for insurance premiums to residents of TOP and SPV is proposed to be left to 2025g

Special project TORA and Free Port
Minvostokrazvitiya introduced a draft law to the government of the Russian Federation on extending the term of obtaining the status of residents of the Far Eastern TORs and the free port of Vladivostok (SPV) to 2025 for the purpose of using reduced tariffs for insurance contributions to state non-budgetary funds, the press service of the ministry reported. At the moment residents have the right to this privilege within three years from the moment of the establishment of TOP or SPV.

“The draft law provides for the establishment of features for the provision of lower insurance premium rates. They will be applied during 10 years after the investor was included in the list of residents of the TOP or SPV, ”the message states the Secretary of State, Deputy Minister Pavel Volkov. The new rules will apply to the base for the calculation of insurance premiums, determined in respect of individuals who have entered into an employment contract with a resident of TOR, a resident of SPV, employed in new jobs.

As reported, the extension of the benefits for payment of insurance premiums for investors TOP and SPV were discussed during the III Eastern Economic Forum. Then Deputy Prime Minister - presidential envoy to the Far Eastern Federal District Yuri Trutnev said: "This process will be continuous. We were worried about when the three years had passed since the creation of the territory with a special economic regime, we would have had to tell investors that now it is necessary to pay the full installments. For business there would be a difficult situation. "