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Investment projects for the extraction of minerals will be included in the development programs of the municipal formations of Yakutia

9 September the government of Yakutia will consider a bill on regional investment projects. The draft law determines the requirements for the projects, the procedure for including the organization in the register of participants of regional investment projects and the procedure for making changes in the investment declaration of the project, the press service of the head of the region reports.

The decision to include projects in the investment register, as well as the decision to amend the investment declaration will be the Ministry of Economy of the Republic.

The status of regional investment projects is assigned to projects that are implemented by legal entities registered in the territory of Yakutia.

A mandatory requirement for projects aimed at mining is the inclusion of the project in the program of socio-economic development of the municipality in which it is implemented.

The regional investment projects included in the register are subject to the corporate income tax rate in the part to be credited to the state budget of the Republic of Sakha (Yakutia) in the following amounts: 1) for five tax periods (years), starting from the tax period - 0 percent; 2) for the next five tax periods - in the amount of 10 percent.

According to the RF Tax Code, a regional investment project can not be directed to the extraction and processing of oil, the extraction of natural gas and gas condensate, the provision of services for the transportation of oil and oil products, gas and gas condensate, the production of excisable goods (excluding cars and motorcycles), and also on the implementation of activities where the tax rate for corporate profit tax is 0 percent.

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