The Ministry of Economy of the Omsk region informs about tax preferences for corporate property tax

By the Legislative Assembly of the Omsk region 15 martha 2018 The year the Law of the Omsk region was adopted "On amendments to the Law of the Omsk region "About the corporate property tax" (more – The law), initiated by the Acting Governor of the Omsk region, Chairman of the Government of the Omsk region A.L. Burkov. The law establishes with 1 January 2018 three-year years "tax holidays" on corporate property tax in respect of movable property registered as fixed assets after 1 January 2013 year (next – movable property).

1. The tax rate 0 % before 31 december 2020 organizations that have provided an increase in corporate income tax and (or) personal income tax in the current tax period compared to the previous one, as well as organizations that have registered with the tax authority in the Omsk Region for the first time and have paid corporate income tax in the current tax period, can use the movable property tax year.

The validity period of the tax preference is set at 3 This ensures stable tax conditions for organizations, allowing them to form plans for financial and economic activities in the medium term, taking into account these conditions.

The law does not set an indicator of the rate of tax increase, which significantly expands the range of taxpayers who can take advantage of tax preferences. In addition, the taxpayer is given the opportunity to choose the tax for which the increase should be provided. – corporate income tax or personal income tax (hereinafter referred to as – Personal income tax). Thus, even if an organization has experienced a decrease in profit, for example, when making capital investments in fixed assets, an increase in personal income tax may serve as a reason for receiving a reduced rate.

If the organization does not ensure that the conditions for an increase in income tax and/or personal income tax are met based on the results 2018 year, then the corporate property tax in respect of movable property must be paid in 2018 year at the rate 1,1%, which is also lower than the rate applied on a general basis. (2,2%).

Among the regions of the Siberian Federal District, corporate property tax preferences for movable property have been introduced only in the Republic of Buryatia. Thus, the establishment of a zero rate in the Omsk region in relation to movable property on 3 This year is the best in terms of creating a favorable investment climate in the region and preventing the re-registration of legal entities in other regions.

2. In order to encourage the modernization of production and the use of modern energy-efficient equipment by organizations, the Law proposes to maintain the tax benefit established in paragraph 21 st. 381 of the Tax Code of the Russian Federation, in relation to newly commissioned facilities with high energy efficiency (in accordance with the list of facilities established by the Government of the Russian Federation) or a high energy efficiency class (if the definition of energy efficiency classes is provided for such facilities), − within three years from the date of registration of the specified property.