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Investors in Kamchatka will get tax breaks
Companies implementing large investment projects in the Kamchatka Territory will receive preferential preferences. The decision was taken at the session of the Legislative Assembly of the Kamchatka Territory.
According to the press service of the regional government, the new law provides for reducing the tax rate on profits from 18 to 10%. Companies operating in Kamchatka, producing products and implementing projects with investments from 50 and from 500 million rubles, as well as those registered in the register of participants of investment projects, will be able to claim it.
“Even last year, both the President and the Plenipotentiary of the President in the Far Eastern Federal District said that measures should be taken in the Far East that would allow businesses and investors to come to the territory of the Far East and invest their funds here, - quoted by the press service of the head of the region, Vladimir Ilyukhin. - But in order for them to come, it is necessary to create a number of conditions. As part of the implementation of these instructions, we have today made a decision to amend regional legislation to encourage investors to invest in our territory. "
According to the head of the region, “first of all, we are talking about the mining sector, where business has been waiting for such preferences for a long time, since they have a very large part in the initial period and a long way to profit”.