Omsk region updates package of investor support measures

The deputies of the regional parliament today adopted laws on the establishment of tax preferences for investors and on tax support for water transport enterprises and postal organizations. The legislative initiatives were prepared by the Ministry of Economic Development of the region on behalf of Governor Vitaly Khotsenko.

"Vitaly Pavlovich has set the task of restarting the investment cycle in the region, and we are expanding the list of support measures for investors with the laws we have adopted. In addition, we offer two important areas for tax support – shipping and postal services," said the First Deputy Minister of Economic Development of the Omsk Region. Denis Kushner.

To support investors, organizations that have concluded investment agreements with the regional Government are exempt from property tax by law. It is proposed to exempt from tax only property created, acquired or upgraded during the implementation of the project. Depending on the amount of investment, the duration of the benefit is set. For projects up to 300 million rubles – for 3 years, for projects over 300 million rubles – for 5 years.

The law also exempts organizations of water transport from paying transport tax and property tax for 3 years. The Ministry of Economic Development of the region explained that this would allow enterprises to use the released funds to repair the fleet.

According to the law adopted today, postal organizations are exempt from paying transport and property taxes for 2 years.

According to the investment tax credit, the main change in the law is that the conclusion of investment agreements will allow investors to apply for an investment tax credit when applying to the Ministry of Economic Development with a package of documents, no tax arrears, bankruptcy and liquidation procedures.

Recall that an investment tax credit is a form of government support in the form of a change in the tax payment period, that is, the ability of an organization to reduce its payments on the tax for which the investment tax credit was received within a certain period and within certain limits, followed by a phased payment of the loan amount and accrued interest. The interest is 0.01% of the investment tax credit amount. This tool allows existing organizations to expand and modernize production facilities.

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