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The Ministry of Finance considered it inappropriate to introduce a profit tax benefit in the SAR
The Ministry of Finance of the Russian Federation considered it inappropriate to introduce a profit tax benefit in the SAR on the Russky Islands in Vladivostok and Oktyabrsky in Kaliningrad. The benefit was intended for residents of Russian offshore companies with a share of income from passive activities above 90%.
As reported "Vedomosti" with reference to Deputy Finance Minister Alexei Sazanov, the 5% rate for holding companies is no longer relevant. According to him, the share of companies that may be interested in the benefit and that meet all the criteria is small.
According to experts, the rejection of the privilege will not significantly affect the development of ATS. For business, other preferences are more important, such as reduced dividend rates and a number of others.
According to Alexei Sazanov, the Ministry of Finance was also prompted to refuse the privilege by the global tax reform - Two-Pillar Solution.
“Since we have already joined Pillar 1 and Pillar 2, so as not to run counter to this initiative, in this part of adjusting the regime, we will abandon the 5% rate,” he said.
As previously reported EastRussia, the companies planned to offer additional benefits, in particular, to lower rates on a number of taxes: on the withdrawal of capital from 15 to 10%, as well as on profit up to 5%, on profit in the form of dividends to 0%. To take advantage of these benefits, residents will have to invest 300 million rubles in the infrastructure of the islands, as well as open a physical office there with an area of 100 sq. meters, hire at least 15 employees. In the structure of the company's income, proceeds from passive activities should occupy at least 90%.
The authorities plan to allow Russian companies to register in offshores on the Russky Islands in Vladivostok and Oktyabrsky in Kaliningrad.