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Entrepreneurs of Buryatia can be exempted from land tax for 20 years
The Government of Buryatia developed a Plan of priority measures to ensure sustainable development of the economy. The draft plan includes more than 90 events with terms up to 2017.
This plan is not final. Until 11 February, the Ministry of Economy continues to accept proposals from ministries, departments, public organizations and industrialists, which will be considered at the next meeting of the enlarged Commission for Sustainable Development 13 February.
An interesting measure proposed by the Head of Buryatia was the proposal not to levy land tax from entrepreneurs for 20 years, or to return enterprises income tax during the implementation of investment projects.
The main directions of the proposed plan were the activation of economic growth in the main system-forming sectors of the region. Also, measures on import substitution, support of non-primary exports, reduction of business costs, support of medium and small businesses were proposed.