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Vladimir Putin signed a law on tax adjustments for residents of TORs
Vladimir Putin signed the Federal Law "On Amending Part Two of the Tax Code of the Russian Federation in connection with the adoption of the Federal Law" On the Territories of Advanced Social and Economic Development in the Russian Federation. "
Federal law adopted by the State Duma 21 November and approved by the Federation Council 26 November 2014.
According to the certificate of the State Legal Directorate, this federal law provides for the provision to the taxpayer-residents of the territory of advanced socio-economic development that together with the tax declaration, claiming the right to reimbursement of the tax, the guarantee agreement of the management company providing for this company's obligation on the basis of the requirement of the tax authority to pay to the budget for the taxpayer the amount of tax that is excessively received by him as a result of compensation tax, right to refund of value-added tax in a declarative manner.
The federal law for organizations that received the status of residents of the territory of priority socio-economic development establishes a tax rate for the profit tax of organizations subject to enrollment in the federal budget, amounting to 0 percent.
In addition, when calculating the mineral extraction tax, residents of such territories acquire the right to apply a special coefficient characterizing the territory of mining of mineral resources and equal to 0, before the application of a lower rate on the profit tax of organizations.