On June 15, the Legislative Assembly of the Omsk Region adopted in the second reading a draft law on tax preferences for investors. Participants of the register of regional investment projects (RIP) will be able to receive them.
Companies that initiate investment projects with a minimum capital investment of 50 million rubles over three years and 500 million rubles over five years can count on tax preferences. In addition to the amount, there are restrictions on the subject of the project. The investment project should not be aimed at the extraction, processing or transportation of oil and gas and the production of excisable goods, and the investor himself should not be part of a consolidated group of taxpayers, have registration outside the region or apply special tax regimes.
"The Ministry of Economy proposes to set a reduced income tax rate of 10% for organizations participating in the RIP in the part to be credited to the regional budget. For RIP participants, the federal part will also be reset for the duration of the reduced regional rates. The tax rate on property acquired for an investment project will be reduced to 1.1% for five years," explained the Minister of Economy of the Omsk region.Oksana Fadina.
The law will enter into force on the day of its official publication and will apply to relationships that have arisen since January 1, 2017.