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Sakhalin GRES-2 will receive tax benefits

Deputies of the Sakhalin Regional Duma in the first reading adopted amendments to the law "On tax benefits for organizations' profits."

A reduced income tax rate is set for "organizations that implement projects in the Sakhalin Region for the construction of generating capacities with an installed capacity of more than 50 MW and a cost of more than 7,5 billion rubles, subject to the placement of funds necessary for the implementation of the project on the accounts of credit institutions operating on the territory of the Sakhalin Region and the direction of the monetary income received as a result of such placement, and the funds freed from taxation, for the purposes stipulated by the investment projects. "

Such an intricate wording means that Sakhalinskaya GRES-2 will give to the regional budget for the next three years not 18-percent share of the profit tax, but only 13,5 percent.

As the Minister of Investments and Foreign Economic Relations Yekaterina Kotova explained, the forecasted cost of the first stage of SakhGRES-2 is 23,8 billion rubles. This is a very large-scale and very important investment project for the region. But for now, it has a certain funding gap, and a preferential income tax rate will help reduce it somewhat. The sums here, however, are small - in three years about 100 million rubles. However, in any case, this will help construction, in addition, the region will benefit in one way or another if billions of rubles intended for construction work in Sakhalin banks.

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