The Ministry has developed the changes to the first and second parts of the Tax code of the Russian Federation, aimed at improving the tax regime for taxpayers – participants of special investment contracts (SPIK) in part separate from the regional investment projects regulation of the use of tax incentives in the framework of Speke. The bill is in the process of public discussion on the website regulation.gov.ru.
The bill provides for:
– the use of incentives in income tax for organizations that have the status of the taxpayer – participant of Speke, for the whole validity period of Speke and clarification of provisions of the Tax code of the Russian Federation of permanence for the participants in Speke tax conditions for the implementation of projects during the period of validity of Speke;
– introducing the possibility of separate accounting of incomes (expenses) received (incurred) from activities in the implementation of the project in respect of which concluded SPIK, and the incomes (expenses) received (incurred) in the implementation of other activities, for the purpose of obtaining tax breaks on profit of organizations;
– separate regulation for regional investment projects and special investment contracts, including through the introduction of individual articles “the Taxpayers – participants of special investment contracts,” “features of application of tax rate to the tax base determined by the organizations having the status of a taxpayer – participant of the special investment contract.”
Public discussion of the bill will continue until August 17.