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The State Duma adopted in the first reading a block of government bills to create a TOP
The State Duma adopted in first reading a block of government bills on the creation of territories of advanced socio-economic development (TOP) in Russia. Such territories can be organized for the first three years only in the Far East.
TOR are created by decision of the government of the Russian Federation and cannot be located within the boundaries of a special economic zone or zone of territorial development. They will have supervisory boards and management companies.
All 100% of the company's shares will be owned by the Russian Federation. It also provides funding for the construction of infrastructure for the TOR. The management company is transferred to the ownership or lease of state and municipal real estate in TOR.
A supervisory board is needed to coordinate activities and monitor the implementation of an agreement on the establishment of PDA, to facilitate the implementation of resident projects, and to consider and approve future development plans for these territories.
The documents introduce tax benefits for residents. Thus, the zero rate on income tax to be credited to the federal budget (2 pp from 20%) will be valid for five years. As for the regional budget, the rate in the first five years will not be higher than 5%, it also cannot be less than 10% in the next five years.
It is determined that the resident will be able to apply these rates if the income from his activities in the TOR is not less than 90% of all income taken into account when determining the tax base. In addition, the draft law establishes the rules for creating territories and the requirements for their management.
Reduction coefficients for MET are foreseen for ten years up to zero tax. Also set lower rates of insurance premiums. The total amount of contributions will be reduced to 7,6% instead of 30%, including 6% to the Pension Fund of the Russian Federation, 1,5% to the Social Insurance Fund and 0,1% to the Mandatory Medical Insurance Fund.
It is possible to create in these territories divisions of federal executive authorities, for example, the Ministry of Internal Affairs, the Ministry of Emergency Situations, the Federal Tax Service, the Federal Customs Service, the Federal Migration Service and others.