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The State Duma Committee for Economic Policy supported the extension of the Special Economic Zone (SEZ) in the Magadan Region until the end of 2025

The State Duma Committee for Economic Policy, Innovative Development and Entrepreneurship has considered a bill to extend the regime of the Special Economic Zone (SEZ) in the Magadan Region until the end of 2025. Based on the results of the discussions, the draft federal law "On Amendments to the Federal Law" On the Special Economic Zone in the Magadan Region "was unanimously recommended for the second reading.

During his visit to the region at the end of November, the head of the Ministry of the Russian Federation for the Development of the Far East, Alexander Galushka, focused on issues related to the implementation of specific investment projects that can give the region new jobs and additional taxes to the budget, according to the press service of the department.

“In this regard, the issue of the special economic zone of the Magadan region, which expires at the end of 2014, was discussed. It is important that the extension of this period does not happen by inertia, but serves as an incentive for the formation of its new competitive profile in the global, international dimension. For these changes to attract modern investment, provide the region with modern technologies and modern jobs. Based on the results of the discussion, we are close to extending the validity period of the special economic zone in the region, "said Alexander Galushka.

Commenting on the decision of the State Duma deputies, the Governor of the Magadan Region, Vladimir Pechenyi, noted the exceptional importance of the issue for the region. “We have been working with federal authorities for a long time to extend the SEZ regime in the Magadan region, since this issue is of strategic importance for our region. The federal center met us halfway, and the SEZ regime will continue its work. Our task is to use it to develop production, revitalize economic life, attract new investors, ”Vladimir Pechenyi said.

Under the new conditions that will be in force from the year 2015, enterprises can obtain the status of a SEZ participant in the implementation of a project that provides for capital investments in the creation and development of infrastructure projects, development of production and activities to ensure social stability in the territory of the Magadan Region.

To obtain the status of a SEZ participant, it is necessary to register as a legal entity or an entrepreneur on the territory of the SEZ, to carry out economic activities in the territory of the Magadan Region, to have at least 75% of fixed assets in the Magadan Region, and to have an agreement with the SEZ Administration.

The agreement on the implementation of activities in the territory of the Special Economic Zone can not be aimed at wholesale and retail trade, provision of domestic services, as well as the extraction of crude oil and natural gas, the provision of services in these areas, production and processing of excisable goods other than cars and motorcycles.

It is assumed that SEZ participants will be exempted from paying taxes in the part coming to the federal budget. That is, it is planned that the tax will be preferential for value added tax, the tax on mining and profit tax in the federal share, water tax.

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