Investment legislative review

Today, a regional investment project enables to apply corporate income tax relief. At the same time, according to Sub-s 2 of Clause 3 of Article 284.3 of the Tax Code of the Russian Federation, the size of the tax rate to be transferred to the regional budget can be decreased by the laws of the RF (Russian Federation) regions to 10%.

Effective January, 1, 2020, companies delivering innovative projects and using modern technologies will be able to get subsidies. The new rules for granting subsidies are regulated by Resolution No. 1649 of the Government of the Russian Federation dated 12.12.2019.

As of today, the Government of the Russian Federation provides a number of state support instruments for various projects, which are somehow related to development of modern technologies.

The territories of the Russian Federation may give the right to the taxpayer to reduce the sum of the income tax for the investment tax deduction (ITD).

Many of the state support measures (a status of a strategic investor, preferential loans of the Industrial Development Fund, granting of various subsidies, etc) require that the companies create high-performance jobs.

Strategic investor is the investor delivering a strategic investment project. According to the acting legislation of St. Petersburg delivery of the strategic investment project gives the Investor an opportunity to conclude a land plot lease agreement without bidding.

Effective of January 1, 2020, medical devices and pharmaceuticals manufacturers using modern technologies will be able to receive subsidies.

The advantage of preliminary decisions on classification of goods (PCD) is that participants in foreign economic activity can define in advance the amount of required customs duties, measures...

In order to implement a subparagraph 7 of Article 150 of the 2nd part of the Tax Code of the Russian Federation, the RF Government approved the List of technological equipment (including components and spare parts to them)...

Regional investment project is the investment project, which is aimed at manufacturing of goods, at the same time, the regional investment project cannot be oriented to mining and/or processing of crude oil, natural gas, manufacturing of excised products and activities...

The corresponding regional legislative framework, including procedures for deciding whether to get the company listed in the Regional Investment Project participants register and tax benefits for the participants are required in order to make it possible to use the Regional Investment Project instrument.

The list of the regions named in the Tax Code of the Russian Federation ("depressive" regions) and brief information on benefits provided.

The Russian Federation together with other member countries of the Eurasian Economic Union (the Republics of Belarus, Kazakhstan, Armenia and Kyrgyzstan), applies a three-level structure of the customs tariff...

Small and medium enterprises often need government support to deliver investment projects, and the main problem is fund raising through loans, which requires appropriate loan or credit collateral.

Effective of 1 January 2019, movable property is no longer subject to taxation regardless of the benefits previously accounted for. According to the current version, tax is paid only in respect of immovable property.

The Government of the Russian Federation prepares changes in the Russian legislation concerning subsidizing of costs for creation of industrial parks and technoparks.

The Government of Russia is preparing changes to the Federal Law “On industrial policy”, as well as to the Tax and Budgetary Codes in terms of improving the mechanism of special investment contracts.