The Russian Government and competent ministries are developing a program aimed at stimulating the investment growth called "New Investment Cycle". This program should amend existing investment regime under SZPKs and extend available tax deductions and compensation mechanisms.
Indeed, tax deductions for SZPKs participants should be introduced for corporate income tax, mineral extraction tax, corporate property tax, transport and land taxes.
In addition to existing mechanism of compensation of the costs of construction, modernization and reconstruction of the infrastructure required for the project (including the costs of technological connection), it is proposed to reimburse the amounts of interest on loans and bonded loans raised for the implementation of projects in the investment phase; for R&D, if, on the basis of the new technologies serial production of industrial products is started; for the creation and modernization of equipment for the computing power of projects in the field of the digital economy.
SZPKs participants are supposed to be able to benefit from either or both of the above mechanisms depending on the volume and perimeter of the investment projects.
NAZALI TAX & LEGAL