Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

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Vladivostok
Khabarovsk

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Yuzhno-Sakhalinsk

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Petropavlovsk-
Kamchatsky
Moscow

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Putin instructed to adopt amendments to the free customs zone in the Kuril Islands

Putin instructed to adopt amendments to the free customs zone in the Kuril Islands
Photo by: kremlin.ru

Russian President Vladimir Putin instructed the Cabinet of Ministers, together with the Sakhalin government, until August 1 of next year to adopt amendments on the preferential regime for doing business in the Kuril Islands. Head of the Cabinet of Ministers Mikhail Mishustin and Governor of the Sakhalin Region Valery Limarenko were appointed responsible for the execution of the order.

The instruction is contained in list of following the results of the plenary meeting of EEF-21. Within the framework of the preferential regime, organizations are not recognized as taxpayers of income tax, land and transport taxes, property tax, reduced rates of insurance premiums are applied - 7,6% for ten years, and the free customs zone regime is also applied.

An exception will be organizations that provide intermediary services, receive passive income, produce and process excisable goods, extract hydrocarbons and process them, catch valuable biological resources.

On the possible introduction of a free customs regime on the Kuril Islands said Mikhail Mishustin at the end of July.  

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